Press Release of ALNO AG dated December 21, 2016
Initial deadline expired: Tahoe Investors GmbH holds 40.61 per cent of the voting rights – “Successful entry of the new major shareholder”
Pfullendorf, 21 December 2016 – ALNO AG is pleased that after the initial period for acceptance of the takeover bid, Tahoe Investors GmbH has achieved a 40.61 per cent share of the total voting rights. The initial deadline expired at midnight on Wednesday 14 December 2016 – four weeks after publication of the takeover bid on 16 November.
Press Release of ALNO AG dated December 20, 2016
ALNO AG: Change of Chief Financial Officer after end of first offer period
Pfullendorf, 20 December 2016 – A representative of ALNO AG's new major shareholder will be appointed as new Chief Financial Officer at the end of the first period for accepting the takeover offer from Tahoe Investors GmbH. Christian Brenner will be taking over the responsibilities of Ipek Demirtas as Chief Financial Officer (CFO) at short notice. Tahoe Investors GmbH has held four seats on the Supervisory Board at ALNO AG since November.
Press Release of ALNO AG dated November 29, 2016
ALNO AG: Joint statement published by Management Board and Supervisory Board on takeover bid
Pfullendorf, 29 November 2016 – ALNO AG's Management Board and Supervisory Board have today submitted their joint statement on the takeover offer from Tahoe Investors GmbH and Brillant 1953. GmbH. In it, Management Board and Supervisory Board view the bid in an overall positive light.
Press Release of ALNO AG dated November 23, 2016
ALNO AG: Dr. Christian Becker elected as new Supervisory Board Chairman – Supervisory Board now complete again after appointing four new members
Pfullendorf, 23 November 2016 – Today, ALNO AG's Supervisory Board's reconstitutional meeting elected Dr. Christian Becker as its new Chairman. Waltraud Klaiber, shop steward and Works Council Chair, remains Vice Chair of the Supervisory Board at ALNO AG in Pfullendorf.
Press Release of ALNO AG dated November 17, 2016
ALNO AG announces statement on takeover bid
Pfullendorf, 17 November 2016 – Following publication of the takeover bid from Tahoe Investors GmbH and Brillant 1953. GmbH to the shareholders of ALNO Aktiengesellschaft, ALNO AG has announced a statement on the offer under Section 27 of the German Securities Acquisition and Takeover Act. The Management Board and Supervisory Board of ALNO AG give their recommendation to the shareholders of ALNO AG to reach a decision in favour of accepting the bid on the basis of the statement. The statement will be published within the next fortnight.
Press Release of ALNO AG dated October 31, 2016
ALNO AG: Tahoe Investors GmbH becomes new main shareholder – reconstitution of Supervisory Board announced
Pfullendorf, 31 October 2016 – Today exercising the call option for acquiring 14.08 per cent of the ordinary shares in ALNO AG, Tahoe Investors GmbH becomes ALNO AG's new main shareholder. Including the 2.65 per cent acquired on 20 October, Tahoe Investors GmbH now holds 16.73 per cent of ALNO AG's share capital.
Press Release of ALNO AG dated October 31, 2016
ALNO Group stays on course for growth in the third quarter too
Pfullendorf, 31 October 2016 – With turnover up by 5.1 per cent over the first three quarters, the ALNO Group is continuing to grow. Without allowing for exchange-rate impacts amounting to € 7.3 million, mainly resulting from the Brexit referendum in the United Kingdom, the hike in turnover is 7.2 per cent. Having increased by 9.6 per cent, domestic turnover put on particularly dynamic growth in the first nine months. Owing to works holidays at the production plants, turnover rose by 2.2 per cent in the third quarter.
Press Release of ALNO AG dated October 7, 2016
ALNO AG: Tahoe Investors secures 33.25 per cent of voting rights
"Strategic major investor gives us stability and a clear perspective for the future"
Pfullendorf, 7 October 2016 – Tahoe Investors GmbH has secured the control over 16.52 per cent of voting rights at ALNO AG with a voting trust agreement as well as a further 2.65 per cent from a future transaction by 14 October 2016. In addition to this, a call option by 31 October 2016 will permit the acquisition of a 14.08 per cent stake in ALNO AG's share capital.
Press Release of ALNO AG dated September 17, 2016
ALNO AG Design Tour 2016: ALNO, Wellmann, Pino, ALNOINOX and tielsa present trends and innovations – showcasing 80 kitchen innovations on over 3,500 square metres
Pfullendorf, 17 September 2016 – The ALNO Group will be presenting trends and innovations from its product lines from 17 to 23 September in an exclusive design tour as part of the annual "Küchenmeile A30" exhibition. The journey into the future staged by ALNO, Wellmann, Pino, ALNOINOX and tielsa starts in a cube as a multimedia display setting with statements and impressions from the ALNO Group. A presentation will then be opened showcasing 80 kitchen innovations on over 3,500 square metres.
Pressemitteilung: ALNO AG Design Tour 2016 (DE)
Communicado de prensa: ALNO AG gira de diseño 2016 (ES)
Communique de presse: ALNO AG Design-Tour 2016 (FR)
Comunicato stampa: ALNO AG Design-Tour 2016 (IT)
Persmededeling: ALNO AG design-tour 2016 (NL)
Press Release of ALNO AG dated September 13, 2016
ALNO gets "Superbrands Germany Award 2016/2017" – Kitchen manufacturer impresses in brand dominance, innovation and consumer acceptance
Pfullendorf, 13 September 2016 – Voted as a 2016/2017 Superbrand, ALNO is again one of Germany's outstanding brands in the brand dominance, customer loyalty and brand acceptance category for the fourth time since 2009. Selected from over 1,350 nominations, the jury placed the kitchen manufacturer in the group of 100 Superbrands Germany 2016/2017.
Press Release of ALNO AG dated September 09, 2016
ALNO starts up its own vehicle fleet – distribution and logistics are being restructured as part of the group-wide quality and service strategy
Pfullendorf, 9 September 2016 – ALNO Logistik & Service GmbH, a fully owned ALNO AG subsidiary, is starting to operate its own lorry fleet for delivering kitchens and shipping components. The aim of operating the company's own fleet is to provide a significant improvement in the quality of delivery to customers.
Press Release of ALNO AG dated August 22, 2016
First half of 2016 brings ALNO 6.6 percent sales growth, a 13 percent increase in production and an improved gross profit margin of 44.8 percent – EBITDA virtually unchanged year on year after deducting extraordinary expenses
Pfullendorf, 22 August 2016 – n the first half of 2016, the ALNO Group increased sales by 6.6 percent on the same period last year (Germany: 10.8 percent) to € 243,407 million (2015: € 272,994 million; adjusted: € 228,261 million). For the first time, therefore, the ALNO Group’s growth outstrips that enjoyed by the German kitchen industry as a whole, a year-on-year figure of 6.2 percent according to the German Association of the Kitchen Furniture Industry (Verband der Deutschen Küchenmöbelindustrie e. V., VdDK).
Press Release of ALNO AG dated August 08, 2016
Stefan Schneider new operation manager at Wellmann
Pfullendorf, 8 August 2016 – Gaining Stefan Schneider, ALNO AG has an acknowledged production specialist and expert in the kitchen industry to manage its operation at Enger, East Westphalia. From August 2016, Schneider will not only be in charge of Wellmann's technical activities but also manage its commercial affairs. Responsible for the ALNO subsidiary, he will be reporting directly to Frank Wiedenmaier, Board Member and Chief Operating Officer (COO) at ALNO AG in Pfullendorf.
Press Release of ALNO AG dated August 03, 2016
ALNO AG: New investor acquires call option – "Expanding international activities and increasing market shares remain the key objectives"
Pfullendorf, 3 August 2016 – As announced by Tahoe Investors GmbH in a voting rights notification, Tahoe has secured the possibility with a call option to acquire a 14.08 per cent stake in ALNO AG's share capital by 31 October 2016. It was only a few days ago that Tahoe Investors GmbH had agreed to give the company a € 20 million loan and signed a further loan agreement for € 15 million which is still subject to conditions precedent.
Press Release of ALNO AG dated July 29, 2016
ALNO AG receives a € 20 million loan as part of financial and capital measures already announced
Pfullendorf, 29 July 2016 – ALNO AG is planning to use the inflow from the € 20 million loan agreement signed yesterday evening to bolster its working capital and push ahead with its internationalisation strategy and also increase its stake in the domestic market. To this end, ongoing projects focusing on centralising, standardising and improving processes in production and admin at all ALNO-Group operations are to be continued at all ALNO-Group operations.
Press Release of ALNO AG dated July 20, 2016
ALNO extends quality drive – quality assurance across the value chain
Pfullendorf, 20 July 2016 – Setting up an additional quality stage, ALNO AG is taking quality assurance beyond production and extending it to cover fitting kitchens at the customer. Every single item of kitchen furniture is digitally recorded at newly installed quality gates at the Pfullendorf works.
Press Release of ALNO AG dated July, 07, 2016
ALNO ups market share by 1.5 percentage points to 14.9 percent
Pfullendorf, 7 July 2016 – In the first quarter of 2016, the ALNO Group saw its market share grow by no less than 1.5 percentage points over the same period last year. According to GfK POS Measurement Kitchen Germany, the volume share it has in the German domestic market rose from 13.4 in 2015 to 14.9 per cent this year in a quarter-on-quarter comparison. Sold in mid-2015, the Impuls Küchen subsidiary kitchen brand was factored out of the equation to permit a true comparison.
Press Release of ALNO AG dated June 29, 2016
ALNO is the "Most innovative brand of the year 2016"
Pfullendorf, Germany, June 2016 - The experts are in agreement: traditional brand ALNO is one of the most innovative brands in the kitchen industry. Never before has the kitchen manufacturer from Pfullendorf, Baden-Württemberg been honoured with so many prizes and prestigious awards as this year. ALNO has been commended for its ability to innovate, top quality, pioneering product design and outstanding branding.
Press Release of ALNO AG dated May 18, 2016
Award for ALNO Kitchens
Pfullendorf, 18. May 2016 – ALNO AG, one of the world´s leading kitchen manufacturers, has always combined product design with functionality and home aesthetics. The company has already won a number of renowned awards for this. Now, a further three kitchen honours have been added to that total: the German Design Award 2016 for the ALNOCERA Concretto ceramic kitchen and ALNOSTAR PLAN oxide grey and the popular consumer prize "Kitchen Innovation of the Year" for ALNOSTAR SIGN / ALNOSUND.