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22 November 2013

Industrias Mateu to become member of the Neoperl Group

Barcelona, Spain and Basel, Switzerland – November 22, 2013
Industrias Mateu S.A. (IM) and Neoperl Holding AG (NP) today announced that they have entered into a transaction whereby NP will purchase substantially all of IM’s shares. The transaction is expected to close by mid December 2013. As privately owned companies both have agreed not to disclose further details of the agreement.

Albert Mateu, CEO and President Industrias Mateu S.A.: “With NP we have found the best possible partner for our company. After the successful restructuring of our operations we are now ready to join forces with another respected player in order to further develop our businesses. While we contribute several decades of experience, a broad customer portfolio and very efficient operations, we will profit from NP’s global footprint, its expertise in state of the art assembly technologies and its unmet innovation capacity.”

Dr. Adrian Walti, President of the Board Neoperl Holding AG: “The acquisition of IM is a logical step in the development of our global hose business. IM’s manufacturing sites in Spain and Bulgaria complement our industrial footprint with very efficient operations close to key European markets. The IM management strengthens our hose leadership team and will help us to drive the future development of our hose business.”

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