GF Automotive sells Gleisdorf light metal foundry to BAVARIA Industriekapital

5/28/2009, 8:01 AM (Source: GlobeNewswire)
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Munich, 28 May 2009: The industrial holding company BAVARIA
Industriekapital AG will acquire the light metal foundry in
Gleisdorf, Austria from the Swiss automotive supplier GF Automotive.
The contract for the sale was signed yesterday by GF Automotive, a
Corporate Group of the Georg Fischer Corporation, and BAVARIA. GF is
thus systematically implementing the review of its locations, as
announced in 2008, and is focusing more closely on its core business.
BAVARIA Industriekapital AG will carry on the business and will
continue to supply the Gleisdorf customers. The parties have agreed
to keep the purchase price confidential. The transaction must still
be approved by the antitrust authorities.

The foundry in Gleisdorf, with some 200 employees, manufactures
mostly small components and with this product portfolio is well
positioned within a medium-sized company. The new owner intends to
continue production in this form.

This step will allow GF Automotive to focus more closely on its core
business, which is developing and manufacturing large-scale, complex
components for the international passenger and commercial vehicle
industry. The light metal activities are being concentrated at
Altenmarkt and Herzogenburg in Austria, Werdohl and Friedrichshafen
in Germany and Suzhou in China. The focus on developing innovative
processes and materials will be strengthened.

BAVARIA Industriekapital AG is an industrial holding company which
acquires companies throughout Europe. Through active restructuring
and revitalization management it ensures the long-term success of the
companies acquired. The majority of the stock of BAVARIA
Industriekapital AG is family-owned and the company has been listed
on the Entry Standard All Share Index of the German Stock Exchange
since 2006. At present BAVARIA Industriekapital AG has holdings in
ten companies and around 3,000 employees. In 2008 the group turnover
amounted to Euro 485 million and the group profit to Euro 23 million.

For additional information about BAVARIA Industriekapital, please
visit our website at

We would be pleased to answer any further questions you may have:

BAVARIA Industriekapital AG
Svea Strohm
Tel.: + 49 - (0)89/ 72 98 967-0

Georg Fischer AG
Christian Thalheimer
Tel. +41 (0) 52 631 2677

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BAVARIA Industriekapital AG
Bavariaring 24 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;
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