25.02.2016 09:52:06
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DGAP-News: mutares AG
DGAP-News: mutares portfolio: Artmadis expands into Belgium
25.02.2016 / 09:52 The issuer is solely responsible for the content of this announcement.
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Artmadis, a portfolio company of mutares AG (ISIN: DE000A0SMSH2), is the leading distributor for tableware and kitchenware in France. Over the past years the company has been growing organically by leveraging its well established business relationships to French retail chains. Now it accelerates its expansion in the Belgian market through the takeover of the distributor Verbeelen.
Artmadis is the leading French wholesaling company of glassware, tableware and kitchenware. It supplies all major French retail chains as well as furniture stores and e-commerce retailers. In 2015, it generated revenues of EUR 76m and an operative result (EBITDA) of EUR 3m.
mutares acquired the company in 2012 and successfully repositioned it by introducing a more comprehensive category management as a value-adding service to its customers. Therefore, Artmadis established a dedicated sourcing team in its newly opened Hongkong office. Its own brands "Novastyl" and "Menastyl" have been extraordinarily successful besides the existing lines of well-known branded and licensed products for example from Pyrex, Victorinox or Le Parfait.
Through the acquisition of Verbeelen, Artmadis gains a stronger foothold in the distribution of glassware and tableware to hotels, restaurants, and cafes (HORECA) in Belgium. Verbeelen is a supplier of renowned brands like Rosenthal and Stoelzle.
Company profile of mutares AG
mutares AG, Munich (www.mutares.de), acquires companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the operational work is to ensure sustainable, long-term growth. The shares of mutares AG are traded in the Open Market of the Frankfurt Stock Exchange (Entry Standard) under the symbol MUX (ISIN: DE000A0SMSH2).
For further information, please contact:
mutares AG Christoph Himmel Investor Relations & Corporate Communications Tel. +49 89 9292776-0 Fax +49 89 9292776-22 ir@mutares.de www.mutares.de
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25.02.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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440063 25.02.2016
DGAP-News: mutares AG / Key word(s): Expansion/Investment mutares portfolio: Artmadis expands into Belgium
25.02.2016 / 09:52 The issuer is solely responsible for the content of this announcement.
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Artmadis, a portfolio company of mutares AG (ISIN: DE000A0SMSH2), is the leading distributor for tableware and kitchenware in France. Over the past years the company has been growing organically by leveraging its well established business relationships to French retail chains. Now it accelerates its expansion in the Belgian market through the takeover of the distributor Verbeelen.
Artmadis is the leading French wholesaling company of glassware, tableware and kitchenware. It supplies all major French retail chains as well as furniture stores and e-commerce retailers. In 2015, it generated revenues of EUR 76m and an operative result (EBITDA) of EUR 3m.
mutares acquired the company in 2012 and successfully repositioned it by introducing a more comprehensive category management as a value-adding service to its customers. Therefore, Artmadis established a dedicated sourcing team in its newly opened Hongkong office. Its own brands "Novastyl" and "Menastyl" have been extraordinarily successful besides the existing lines of well-known branded and licensed products for example from Pyrex, Victorinox or Le Parfait.
Through the acquisition of Verbeelen, Artmadis gains a stronger foothold in the distribution of glassware and tableware to hotels, restaurants, and cafes (HORECA) in Belgium. Verbeelen is a supplier of renowned brands like Rosenthal and Stoelzle.
Company profile of mutares AG
mutares AG, Munich (www.mutares.de), acquires companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the operational work is to ensure sustainable, long-term growth. The shares of mutares AG are traded in the Open Market of the Frankfurt Stock Exchange (Entry Standard) under the symbol MUX (ISIN: DE000A0SMSH2).
For further information, please contact:
mutares AG Christoph Himmel Investor Relations & Corporate Communications Tel. +49 89 9292776-0 Fax +49 89 9292776-22 ir@mutares.de www.mutares.de
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25.02.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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440063 25.02.2016
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