Hooglede-Gits, 4 july 2005. – Group Deceuninck and its family shareholders confirm that the family shareholders have mandated ING last year to evaluate the strategic options following an approach by a financial investor as referred to in an article of the Belgian newspaper ‘De Standaard’ of 2 July 2005. The discussions did not lead to a concrete result. The family shareholders would like to point out that they were contacted on a regular basis in the past by different categories of potential shareholders. It is the shareholders and enterprise’s intrest always to bear in mind the long term development of the company. Hence that is why all strategic options, such as a potential capital increase, a capital reshuffle or a partnership are subject to an evaluation on a regular basis. Today a decision on this subject is not under consideration.
The Group experienced an important expansion over the last years, especially through external growth. After the acquisition of the German Thyssen Polymer in 2003 Deceuninck became a worldwide leader in the sector of PVC window systems and building profiles. The sector is currently characterized by a new consolidation wave. A further expansion therefore remains a possibility.
“As family shareholders we constantly evaluate all strategic options in order to safeguard the future of the company in the intrest of all stakeholders –staff, management, shareholders and customers”, says Arnold Deceuninck, Chairman of the Board of Directors.
Deceuninck is an integrated group of world format, specialised in compounding, tool fabrication, design, development, extrusion, finishing, gaskets, recycling and injection moulding of PVC-U systems and profiles for the building industry. The company is active in more than 60 countries, has 31 subsidiaries (production and/or sales) and is supported by 3043 personnel, 670 of them in Belgium. In 2004 the Deceuninck Group achieved consolidated sales of 582.1 million euros.