TAKKT acquires direct marketing specialist for customized printed displays in the USA

TAKKT AG / Key word(s): Acquisition

2015-03-11 / 07:30

TAKKT acquires direct marketing specialist for customized printed displays in the USA

Stuttgart, Germany, March 11, 2015. On March 10, the TAKKT Group company TAKKT America Holding Inc. entered into a purchase agreement for the acquisition of the Post-Up Stand group of companies based near Cleveland, Ohio (USA). The Supervisory Board of TAKKT AG has already given its approval. In 2014, Post-Up Stand generated turnover of approximately USD 16 million and recorded an EBITDA margin of over 15 percent. The new company will become part of TAKKT AMERICA's Specialties Group (SPG).

Post-Up Stand is a leading and established specialist for customized printed advertising material, such as retractable banner stands, trade show displays and advertising banners in the USA. The company has all the displays available on stock and offers its customers instant printing of the displays according to their individual specifications. The high expertise in digital printing allows individualized displays to be shipped to customers on the same day of placing the order. Sales are generated to a large extent online. "This acquisition is an ideal addition to our successful displays business to enhance the Specialties Group", remarks Felix Zimmermann, CEO of TAKKT AG.

The purchase price that was agreed upon for 100 percent of the shares will be paid in two installments. An initial purchase price installment of USD 15 million is to be paid upon the closing of the transaction. Another fixed installment of USD 1.5 million is due in 2018. An additional potential and variable purchase price component of up to USD 13.5 million depends on the achievement of the company's performance goals over the next three years and is also payable in the second quarter of 2018. The previous owners, Alon Weiner and Ram Tamir, will remain on board after the transaction is finalized and will continue to be responsible for the management of the company. "We are excited about joining forces with TAKKT in order to secure Post-Up Stand's successful path and accelerate our growth", states co-founder Alon Weiner. TAKKT is financing the acquisition from committed credit lines. "TAKKT will also have sufficient undrawn credit lines available for additional acquisitions", says CFO Claude Tomaszewski. The transaction is expected to be closed on April 1, 2015.

TAKKT is the leading B2B direct marketing specialist for business equipment in Europe and North America. The Group is represented with its brands in more than 25 countries. The product range of the TAKKT subsidiaries comprises more than 200,000 products for the areas of plant and warehouse equipment, office furniture, transport packaging, display articles, supplies for retailers, the food service industry and the hotel market.

The TAKKT Group has over 2,000 employees and almost three million customers worldwide. TAKKT AG is listed on the SDAX and has been in the Deutsche Boerse Prime Standard.

Giuseppe Palmieri, Tel. +49 711 3465 8250
Dr. Christian Warns, Tel. +49 711 3465 8222

Email: investor@takkt.de

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