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THERMADOR GROUPE (EPA:THEP) - Thermador Groupe : acquisition of Distrilabo company

Transparency directive : regulatory news

20/12/2019 18:02

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Press release
Saint-Quentin-Fallavier - December 20th, 2019 - 6pm

Thermador Groupe has finalised the acquisition of all Distrilabo's shares, a
company based in Bischheim (France, 67), for a total of EUR5.2 million via a
cash payment on December 31st, 2019. For the purpose, Thermador Groupe will
take out two very competitive, fixed-rate, five-year loans with CIC Lyonnaise
de Banque and Société Générale banks.

Distrilabo sells a wide range of technical materials for pressure, temperature,
level and flow measurement for industrial processes and environmental
engineering. Its customers are primarily wholesalers in industrial supplies and
heating and sanitation equipment.

The 20 employees of this family company based in Alsace reported EUR5.5 million
turnover in 2018 and an operating result of EUR387,000.

The operation is designed to shore up Distrilabo's future, allow it to continue
its growth and give it a leadership position in its specialities within
Thermador group through commercial synergies with its customers and suppliers.

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