RUBIS ENTERS THE SPECIALTY GAS DISTRIBUTION SEGMENT BY ACQUIRING A SUBSIDIARY OF CARBAGAS IN SWITZERLAND
December 11 2013 - 1:00AM
December 11, 2013
Rubis, through its subsidiary Vitogaz Switzerland,
the country's leader in LPG distribution, is acquiring Multigas, a
company specialized in packaging and distributing high purity
ammonia and specialty gases. Multigas is also present in LPG
cylinder distribution.
A brand enjoying a strong
reputation in this business niche, profitable and with robust
market positions, Multigas is the perfect fit to extend and
complement Rubis' LPG business. Due to the physico-chemical
properties of these gases, their marketing imposes compliance with
special safety requirements and the use of logistics tools very
similar to those needed for propane and butane.
Multigas posted 2012 sales volumes
of 2,500 metric tons and revenue of CHF8.5 million (7 €M) across
all segments.
This acquisition broadens Rubis'
perspectives in complementary segments which could be extended to
geographic areas where the Group is already in operation, thus
leveraging Multigas's acknowledged technical know-how.
Upcoming events:
Q4 2013 sales revenue: February 11, 2014 (at Bourse
closing)
Press Contact PUBLICIS CONSULTANTS - Aurélie
GABRIELI
Tél : +33 (0) 1 44 82 48 33 |
Analysts Contact RUBIS -
Bruno KRIEF
Tél : +33 (0) 1 44 17 95 95 |
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Source: RUBIS via Globenewswire
HUG#1749000
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