Ringmetall SE / DE000A3E5E55

Ringmetall strengthens market position in bulk container liners through acquisition of FIB Beer Systems

Ringmetall SE / Key word(s): Mergers & Acquisitions/Takeover


12.11.2024 / 11:10 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Acquisition of FIB Beer Systems BV, based in Heerenveen, Netherlands, out of a special situation Manufacturer of beer tanks with global reach and a customer base of more than 20,000 installed tanks Revenue contribution of around EUR 8 million with promising synergy potential Munich, 12 November 2024 - Ringmetall SE (ISIN: DE000A3E5E55), a leading international specialist supplier in the packaging industry, has reached an agreement to acquire FIB Beer Systems BV, based in Heerenveen in the Netherlands. Ringmetall will take over the manufacturer of beer tanks with all its subsidiaries with effect from 7 November 2024. FIB Beer Systems specializes in the production, installation and maintenance of beer tank systems. As a global player, the company has installed over 20,000 beer tank systems in cafés, restaurants, breweries and event locations on all five continents. The tank sizes range from 125 to 1,000 liters and more. Ringmetall acquires FIB Beer Systems with a revenue of around EUR 8 million out of a special situation. The company is acquired as a debt-free holding company including all subsidiaries from a financial investor. The purchase price is in the low single-digit million euro range and will be financed entirely from the Company's cash and cash equivalents. “Normally, companies in special situations are not an attractive option as acquisition targets for us,” emphasizes Christoph Petri, CEO of Ringmetall SE. “In this particular case, however, we expect considerable synergy potential from the transaction. Ringmetall is already one of the world's leading manufacturers of large container liners, as used in beer tanks and other applications. By acquiring a tank manufacturer, we are expanding our potential customer base with regard to the tank systems already installed. On the other hand, the acquisition gives us the opportunity to actively shape and drive growth in the still emerging market for beer tank systems in gastronomy.” Further information on the Ringmetall Group and its affiliated subsidiaries can be found at www.ringmetall.de. Contact:
Ingo Middelmenne
Investor Relations
Ringmetall SE
Phone: [phone] 
Mobile:  [phone]
Email: [e-mail] About Ringmetall Group Ringmetall is a leading international specialist supplier of industrial packaging. The company produces high-security closure systems and inner liners for industrial drums for the chemical, pharmaceutical and food processing industries. Ringmetall also offers innovative packaging solutions for the beverage industry. With products that are highly recyclable, the company contributes to strengthening the circular economy and the sustainability of its end customers. In addition to its headquarters in Munich, the Group is represented by global production and sales offices in Germany, France, the UK, Spain, Italy, Turkey, the Netherlands, China and the USA. In 2023, Ringmetall generated consolidated revenues of EUR 181.6 million with 867 employees.  

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12.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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Language:	English
Company:	Ringmetall SE
	Innere Wiener Str. 9
	81667 Munich
	Germany
Phone:	089 / 45 22 098 - 0
Fax:	089 / 45 22 098 - 22
E-mail:	[e-mail]
Internet:	www.ringmetall.de
ISIN:	DE000A3E5E55
WKN:	A3E5E5
Listed:	Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	2027989

End of News	EQS News Service

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2027989  12.11.2024 CET/CEST