DGAP-News: Franz Haniel & Cie. GmbH: Haniel acquires CWS in full
DGAP-News: Franz Haniel & Cie. GmbH / Key word(s): Mergers & Acquisitions/Takeover
Franz Haniel & Cie. GmbH: Haniel acquires CWS in full (news with additional features)
31.07.2019 / 08:42
The issuer is solely responsible for the content of this announcement.
Haniel acquires CWS in full
- All minority interests acquired from Rentokil Initial
- Strategic freedom to act obtained
Duisburg, 31 July 2019. Franz Haniel & Cie. GmbH (Haniel) today acquired all minority interests in CWS held by Rentokil Initial plc (RI). In December 2016, Haniel and RI signed an agreement to form a joint venture, which was implemented in June 2017 with the sale of the Initial activities to Haniel. In accordance with the agreement, RI received a 17.8 per cent interest in CWS in this transaction as part of the purchase price.
By acquiring this 17.8 per cent, Haniel has obtained full strategic freedom to act. This will increase flexibility and speed in business decisions, for example regarding buy-and-build activities within the division.
Thomas Schmidt, Haniel CEO: "The CWS employees have worked very committedly on integration over the past two years: They approached each other openly, created a successful, thriving company and established a new umbrella brand in CWS. We are certain that the CWS business model has a great future, as the rising standards for hygiene and sustainability are met by the CWS Hygiene and CWS Workwear units, which cover the entire lifecycle of products and services. We are thankful to the Rentokil Initial management and everyone involved there. The way we cooperated contributed significantly to the success of the transaction and thus to the successful repositioning of CWS."
The transaction was closed today.
CWS sees itself as a leading provider of comprehensive system solutions. The sustainability-focused company improves cleanliness, well-being and safety with its Hygiene, Floor Care, Fire Safety, Workwear, Cleanrooms and Healthcare solution areas.
It was agreed not to disclose any further details of this transaction.
- Press release for download
- Haniel on Facebook, Twitter and LinkedIn
- Picture and video material on Haniel and the divisions
Haniel
Franz Haniel & Cie. GmbH is a German family-equity company that has been headquartered in Duisburg-Ruhrort since it was founded in 1756. The 100 per cent family-owned Holding Company manages its diversified portfolio from there and pursues a long-term investment strategy as a value developer. Haniel's portfolio currently consists of six divisions that have independent responsibility for operational business and occupy market-leading positions in their sectors: BekaertDeslee, CWS, ELG, Optimar, ROVEMA and TAKKT. In addition, there are financial investments in CECONOMY and METRO.
For more information on Haniel, please visit www.haniel.de/en and www.enkelfaehig.de.
Contact
Dietmar Bochert, Corporate Communications, +49 203 806-578,
Fax: +49 203 806-80578, E-Mail: dbochert@haniel.de
Characters: 1.792
Contact:
Dietmar Bochert
Director Corporate Communications
Tel.: +49 203 806-578
E-Mail: DBochert@haniel.de
Additional features:Document: http://n.eqs.com/c/fncls.ssp?u=MHAWFNACJEDocument title: Haniel acquires CWS in full
31.07.2019 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. Archive at www.dgap.de
Language:
English
Company:
Franz Haniel & Cie. GmbH
Franz-Haniel-Platz 1
47119 Duisburg
Germany
Phone:
+49 (0)203 806 578
Fax:
+49 (0)203 806 80 578
E-mail:
dbochert@haniel.de
Internet:
www.haniel.de
ISIN:
XS0482703286, XS0459131636
WKN:
601960, A1A6NE
Listed:
Regulated Unofficial Market in Frankfurt, Stuttgart
EQS News ID:
849171
End of News
DGAP News Service
849171 31.07.2019