GEA concludes the sale of its production site in Château-Thierry
Düsseldorf (Germany)/Château-Thierry (France), October 1, 2018 - GEA successfully concluded the sale of its GEA Westfalia Separator Production France SAS entity, i.e. its French standard separators production facility and the respective real estate in Château-Thierry (Hauts-de-France region) to the French industrial group Altifort as planned. This is an important step towards the streamlining of GEA's global production footprint. The transaction allows the preservation of all related jobs. To enable a smooth transition for all parties, a transitional period of up to two years has been agreed by the parties ensuring the purchase of relevant manufacturing services from the site. The parties have agreed not to disclose any financial details of the transaction.
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Dr. Eva Breßler
Peter-Müller-Str. 12, 40468 Düsseldorf, Germany
Phone +49 (0)211 9136-1501
About GEA
GEA is one of the largest suppliers for the food processing industry and a wide range of other industries that generated consolidated revenues of approximately EUR 4.6 billion in 2017. The international technology group focuses on process technology, components and sustainable energy solutions for sophisticated production processes in various end-user markets. The group generates around 70 percent of its revenue in the food and beverages sector that enjoys long-term sustainable growth. As of December 31, 2017, the company employed about 18,000 people worldwide. GEA is a market and technology leader in its business areas. The company is listed on the German MDAX (G1A, WKN 660 200). In addition, GEA's stock is included in the MSCI Global Sustainability Indexes. Further information is available on the Internet at .
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Contact:
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1492
Fax +49 (0)211 9136 31087
gea.com
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