Pfleiderer AG Considering Acquisition of Kunz Group
Pfleiderer AG, Ingolstädter Straße 51, 93218 Neumarkt, Germany. ISIN: DE 0006764749, WKN: 676474, listed at: Frankfurt am Main; official market Frankfurt am Main (Prime Standard); also traded at the stock exchanges in Berlin, Bremen, Düsseldorf, Hamburg, Munich and Stuttgart.
Neumarkt, February 8, 2005
SDAX-listed Pfleiderer AG is currently using an exclusivity pe-riod in which to perform a due diligence on the Kunz Group. This follows a Letter of Intent signed by Pfleiderer AG and Kunz Holding GmbH & Co. KG, Gschwend, Germany, on December 6, 2004 for the possible acquisition of the Kunz Group by Pfleiderer. The Kunz Group manufactures engineered wood products and employs around 1,900 people with production sites in Germany, Canada and the USA. The Kunz Group reported corporate sales in 2004 of around EUR 650 million from its particleboard, MDF, HDF and surface-finished operations. The Pfleiderer Group posted sales at around EUR 950 million in 2004. End of Ad hoc Notification
Pfleiderer AG, Neumarkt
Ingolstädter Straße 51
Tel. + 49 (0) 91 81 / 28 80 44
Fax + 49 (0) 91 81 / 28 606