ElringKlinger acquires specialty plastics producer Polytetra

DGAP-News: ElringKlinger AG / Key word(s): Acquisition21.10.2014 / 16:55---------------------------------------------------------------------Bietigheim-Bissingen/Mönchengladbach (Germany), October 21, 2014 +++ElringKlinger Kunststofftechnik GmbH, Bietigheim-Bissingen, a subsidiary ofElringKlinger AG, has acquired from the former owners all interests inPolytetra GmbH, based in Mönchengladbach (Germany). The purchase agreementswere signed on the day prior to this announcement.Serving markets outside the automotive industry, the acquiree'stechnological focus is on developing and producing polymer-based heatexchangers and electric heaters used in industrial applications. Thecompany's product portfolio also includes tubing and finished parts made offluoropolymers and high-performance plastics.The products are used primarily in the field of plant engineering, in thechemical industry, in the area of energy and power station technology aswell as in the semiconductor industry. Polytetra can draw on many years ofexperience in R&D and has significant product expertise. In acquiring thecompany, ElringKlinger Kunststofftechnik GmbH has further strengthened itsposition in the industrial sectors outlined above, as well as securingadditional growth opportunities in the production of modules and systems.Product solutions centered around the generation of heat from surfacewaterbodies (geothermal energy), which can be used to supply houses,holiday homes and houseboats, are also considered promising from acommercial perspective. Additionally, the development pipeline currentlyincludes polymer-based heat exchangers for power generation from wastewaterand ventilation systems.In 2013, the company recorded sales revenue of EUR 5 million, with anoperating margin in high single figures. Polytetra employs 32 people at itssite in Mönchengladbach. The entity is to be included in the scope ofconsolidation of the ElringKlinger Group effective from October 1, 2014.Inclusion in the ElringKlinger Group is aimed at leveraging the company'sgrowth potential to a greater extent. Annual revenue growth, in percentageterms, is expected to be at the upper end of the single digit range.----------------------------------------------------------------------ElringKlinger Kunststofftechnik GmbH produces seals/gaskets and structuralcomponents made of high-performance plastics such as PTFE, PTFE compounds,PFA and PEEK. Supplying products for specialty applications in theautomotive sector, the mechanical engineering industry and the medicaldevices market, the Engineered Plastics segment generated sales of EUR 92.6million in 2013.Among the core competencies of Polytetra GmbH are its processingcapabilities with regard to fluoropolymers and classic high-performanceplastics. The company produces heat-shrink tubing made of PTFE, FEP or PFA,which includes all standard shrink rates and item lengths. Additionally,Polytetra designs, develops and produces various types of heat exchangermade of PFA, ECTFE, PVDF, PP and PE, which are supplied to a wide range ofindustries.For further information, please contact:ElringKlinger AGCorporate Communications / Investor RelationsStephan HaasMax-Eyth-Straße 272581 DettingenPhone: +49 (0)7123-724-631; +49 (0)170-9246264; Fax: +49 (0)7123-724-641E-mail: stephan.haas@elringklinger.de---------------------------------------------------------------------21.10.2014 Dissemination of a Corporate News, transmitted by DGAP - aservice 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---------------------------------------------------------------------Language:    English                                                 Company:     ElringKlinger AG                                                     Max-Eyth-Straße 2                                                    72581 Dettingen/Erms                                                 Germany                                                 Phone:       071 23 / 724-0                                          Fax:         071 23 / 724-9006                                       E-mail:      stephan.haas@elringklinger.de                           Internet:    www.elringklinger.de                                    ISIN:        DE0007856023                                            WKN:         785602                                                  Indices:     MDAX                                                    Listed:      Regulierter Markt in Frankfurt (Prime Standard),                     Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg,               Hannover, München                                         End of News    DGAP News-Service  ---------------------------------------------------------------------  292637 21.10.2014