BAVARIA Industriekapital acquired Faral S.p.A from Zehnder Group

5/13/2008, 7:30 AM (Source: GlobeNewswire)
Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- --------------
Corporate news announcement processed and transmitted by Hugin ASA.
The issuer is solely responsible for the content of this
announcement.
----------------------------------------------------------------------
--------------




Munich, May 13, 2008: BAVARIA Industriekapital AG, the Munich based
industrial holding, acquired the Italian Faral S.p.A. from the Swiss
Zehnder Group. Faral S.p.A. is based in Modena and in 2007 had sales
of EUR 48 million and employed 240 employees. The company produces
aluminium radiators for customers in Europe. Seller is the Zehnder
Group, a global player in the heating and climate business. The
parties also signed an agreement to ensure the further supply of key
components to the Zehnder group.

Faral started its business in 1966, at the time when radiators were
made from cast iron and steel. In view of the advantages of
aluminium, Faral manufactured the world's first aluminium radiator
called Tropical. Today, Faral is well known as the pioneer in the
aluminium radiator business and a leading supplier of a wide range of
different models.

BAVARIA Industriekapital AG's 2007 group revenues were EUR 410
million, with a net result of EUR 23 million in the holding. The
company is listed in the Entry Standard on the Frankfurt Stock
Exchange. Headquartered in Munich, the group invests in companies
with strong market positions and the potential to improve profits.

For further information please contact:

BAVARIA Industriekapital AG
Frau Svea Troester
Investor Relations
svea.troester@baikap.de
Tel +49 (0)89 7298 967 0



--- End of Message ---

BAVARIA Industriekapital AG
Bavariaring 18 München Germany

WKN:
260555; ISIN: DE0002605557;
Listed: Entry Standard in Frankfurter Wertpapierbörse, Freiverkehr in
Bayerische Börse München,
Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf,
Freiverkehr in Börse Stuttgart, Freiverkehr in Hanseatische
Wertpapierbörse zu Hamburg,
Freiverkehr in Niedersächsische Börse zu Hannover;
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.