Lenzing AG

EANS-News: Lenzing AG Sells Three Business Units of Lenzing Technik

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.

Company Information

Within the context of the deconsolidation process launched in 2013 and the
comprehensive restructuring of its technical operations already announced in
2014, Lenzing AG is continuing its strategy of more strongly focusing on its
core business of producing man-made cellulose fibers, and is selling three
business units of Lenzing Technik.
All the buyers plan to maintain business operations at the Lenzing site. Due to
the expertise in their respective industries, this represents an opportunity for
the business units and their employees to leverage synergies and be able to
profitably grow in the future.
- The Mechatronics business area (incl. Leno GmbH, Schörfling) will be acquired
by the Austrian company Melecs, an internationally active switchgear and
electronics firm. 
- The Automation/Robotics unit will be sold to cts GmbH (Germany/Austria). The
company is internationally active in the fields of energy technology, robotics
and automation technology.
- The Sheet Metal business operations are to be sold to the Upper Austrian
company GER4TECH (Spießberger GmbH, HMS Mechatronik GmbH). He will sign a sales
agreement for the business unit Lenzing Blechtechnik, with the objective,
subject to customary obligations, of deconsolidating it as at September 30,
"The entire staff will be retained in all three cases. The business units will
continue to be operated under a new ownership structure. I am certain that these
business units will have a good future with their new owners boasting relevant
know-how in the respective industries. For its part, the divestment will enable
Lenzing to focus even more on its core business of producing fibers", says
Thomas Riegler, Chief Financial Officer of Lenzing AG, commenting on the

Further inquiry note:
Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 7672-918-2713

end of announcement                               euro adhoc 

company:     Lenzing AG
             A-A-4860 Lenzing
phone:       +43 7672-701-0
FAX:         +43 7672-96301
mail:     a.guldt@lenzing.com
WWW:      http://www.lenzing.com
sector:      Chemicals
ISIN:        AT0000644505
indexes:     WBI, ATX, Prime Market
stockmarkets: free trade: Berlin, official market: Wien 
language:   English

Original-Content von: Lenzing AG, übermittelt durch news aktuell

Weitere Meldungen: Lenzing AG

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