DGAP-Adhoc: Neschen AG signs Asset Purchase Agreement to sell substantially all of the assets of their US Business

Neschen AG / Key word(s): Disposal

02.10.2013 00:06

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc dated 1 October 2013

Neschen AG signs Asset Purchase Agreement to sell substantially all of the
assets of their US Business

Neschen Corporation, Elkridge, USA, and their mother company Neschen AG
based in Bückeburg, Germany, signed and closed on October 1, 2013 a
definitive Asset Purchase Agreement with an American company to sell
substantially all of the assets of its US subsidiary Neschen Corporation
together with Neschen Corp.'s wholly owned subsidiary Neschen Americas
Corporation as well as their shares in the Joint Venture Neschen GBC
Graphic Films LLC.

95 % of Neschen Corp. is held by Neschen AG. Neschen Benelux B.V., the 100
% daughter of Neschen AG, holds 5 % of Neschen Corp., USA.

The parties agreed to maintain confidentiality about the details of the
transaction.

Neschen AG had owned the US business since 2001 when it acquired the SEAL
brand together with several production facilities from the Hunt
Corporation. Neschen's US business accounted for approximately 20% of the
Neschen Group sales in 2012.

The sale will relieve the parent companies Neschen AG and Neschen Benelux
of on-going financial support of EUR1.5 - 2.0 million per year. The thus
freed resources will be invested in the core business of Neschen AG. In
addition to the sale, Neschen AG has concluded a cooperation agreement with
the buyer about the future supply of laminators under the brand SEAL.

Contact:

Neschen AG
Investor Relations
Hans-Neschen-Straße 1
31675 Bückeburg

Phone: +49 5722-207 206
E-Mail: investor.relations@neschen.de

www.neschen.com

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Language: English
Company: Neschen AG
Hans-Neschen-Str. 1
31675 Bückeburg
Germany
Phone: + 49 (0) 5722 207-0
Fax: + 49 (0) 5722 207-197
E-mail: info@neschen.de
Internet: www.neschen.de
ISIN: DE0005021307
WKN: 502130
Listed: Regulierter Markt in Frankfurt (General Standard), Hannover;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart

End of Announcement DGAP News-Service

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