PRESS RELEASE: Thomson Reuters ONE Ad-hoc/Koenig & Bauer AG plans acquisition in growing flexible packaging market: Focus on takeover of Flexotecnica in Italy

Koenig & Bauer AG / Takeover / Ad hoc: Koenig & Bauer AG plans acquisition in growing flexible packaging market: Focus on takeover of Flexotecnica in Italy . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.

Healthy finances make it possible for Koenig & Bauer AG (KBA) to invest in growth markets. Following the entry into the promising digital print market at Drupa 2012 with an inkjet web press produced at KBA's main plant in Würzburg, the takeover of Flexotecnica in Tavazzano, near Milan, signals the entry into the growing print market for flexible packaging (especially films). Flexotecnica is a subsidiary of Officine Meccaniche G. Cerutti (OMGC), an Italian company specialized in gravure for packaging and publication with headquarters in Casale Monferrato near Turin.

With approx. 100 employees Flexotecnica builds and merchandises central-cylinder flexo presses for printing on various flexible packaging materials. So far the Italian company is mainly present in Europe and in some overseas markets. The manufacturing of parts has been completely outsourced. KBA views this planned takeover as an opportunity to expand its strong market position in the folding carton market into a further growing packaging segment by using its own international organisation. The price for the majority stake in the Italian company will be in the high single-digit million euros, following adjustments on the basis of agreed items made on the settlement date. The acquisition has already been approved by the KBA supervisory board. The final takeover by KBA is still subject to conditions which have to be met in the next few months, e.g. review by antitrust authorities. Both parties have agreed not to disclose any further details concerning the takeover at this time.

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Source: Koenig & Bauer AG via Thomson Reuters ONE [HUG#1682089]

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Koenig & Bauer AG Friedrich-Koenig-Straße 4 Würzburg Germany

WKN: 719350;ISIN: DE0007193500;Index:SDAX; Listed: Freiverkehr in Börse Stuttgart, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf, Freiverkehr in Niedersächsische Börse zu Hannover, Prime Standard in Frankfurter Wertpapierbörse, Regulierter Markt in Frankfurter Wertpapierbörse, Regulierter Markt in Bayerische Börse München;

http://www.kba-print.de/ (END) Dow Jones Newswires

   February 28, 2013 10:52 ET (15:52 GMT)- - 10 52 AM EST 02-28-13