Bacou-Dalloz Concludes the Divestiture of Christian Dalloz Sunoptics |
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Bacou-Dalloz
10 Thurber Boulevard
North Smithfield, RI, 02917
USA
Press release date: September 13, 2006
Bacou-Dalloz today announces the divestiture of its subsidiary Christian Dalloz Sunoptics, based in Saint-Claude (Jura - France), which designs and manufactures high-end solar lenses for sun glasses manufacturers for the fashion and sports markets. This business represents a yearly turnover close to 9 million Euros.
This divestiture is in line with Bacou-Dalloz refocusing strategy on Personal Protective Equipment (PPE). The strategic review carried out by the Group indicated that there was no synergy with Christian Dalloz Sunoptics. In addition, this transaction allows the Group to dispose of a business which did not generate the required average level of profitability.
This transaction will result in Bacou-Dalloz recording a net book loss, with no significant cash impact, of around 3 million Euros, due to the difference between the sale price and book value of the assets sold, but will enhance the Group's income of operating activities from 2006 onwards.
Christian Dalloz Sunoptics will now be able to develop in an independent and responsive manner, taking it closer to its end markets. The purchaser's knowledge of the company's staff, the market and the optical and plastics industries is a major strength that puts Christian Dalloz Sunoptics on a strong position for the future.
Bacou-Dalloz, world leader in the design, manufacturing and sales of Personal Protection Equipment (PPE), operates across all 5 continents with approximately 6,000 people. The Group specializes in providing head-to-toe protection specifically designed for use in all sectors where men and women are at risk (manufacturing, construction, telecommunications, homeland security, medical, public services, etc.) and offers a complete range of head protection equipment (eye/face, hearing and respiratory) and body protection equipment (fall protection, gloves, clothing and footwear).
Bacou-Dalloz is listed on the Eurolist market of the Euronext stock exchange in Paris, within the SBF 120 index, and is eligible for the SRD (Monthly Settlement Service).
Investor Relations Véronique Boca Tel. +33 (0)1 49 90 79 74 e-mail: InvestorRelations@bacou-dalloz.com
Press Relations Christophe Mathy Tel. + 33 (0)1 49 90 79 72 e-mail: cmathy@bacou-dalloz.com
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