FARAL S.p.A. has acquired two French companies from Zehnder Group, Switzerland

11/13/2008, 5:10 PM (Source: GlobeNewswire)
Corporate news announcement processed and transmitted by Hugin AS.
The issuer is solely responsible for the content of this

FARAL S.p.A, a BAVARIA Industriekapital subsidiary, has acquired two
French companies from Zehnder Group, Switzerland. FARAL is a leading
manufacturer of sophisticated and energy friendly aluminium radiators
and is based in Modena, Italy. In 2007, the company had sales of EUR
48 million and employed 240 employees. The parties also signed long
term agreements to ensure the further supply of key products to
Zehnder Group.

The acquired French companies represent a technology leading
aluminium radiator manufacturing site in Carmaux (by Toulouse) and a
sales & marketing company situated just south of Paris. BAVARIA
Industriekapital's Managing Director and President of FARAL SpA, Hans
Magnus Andresen, commented; "In less than 6 months since the
acquisition of FARAL in Modena, the BAVARIA Support Team, in close
cooperation with the local FARAL management, has managed to turn
FARAL's operating losses of averagely 1.5 Mill. Euro per month into a
break-even business. The implementation of the BAVARIA Business
Operating System and working capital improvement program has showed
excellent results in a very short time and put FARAL in a position to
perform these important French acquisitions. This solidifies FARAL's
already leading position as a world class aluminium radiator
manufacturer and is in line with our long term growth strategy for
the company."

BAVARIA Industriekapital AG group revenues were EUR 410 million in
2007, with net profits of EUR 23 million. 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
Tel +49 (0)89 7298 967 0

--- End of Message ---

BAVARIA Industriekapital AG
Bavariaring 18 München Germany

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.