RNS Number:8088X
AGA Foodservice Group PLC
02 February 2006


                                                                  
2nd February 2006

FOR IMMEDIATE RELEASE


GERMAN COMBI OVEN MAKER ACQUIRED BY AGA


Aga Foodservice has acquired the German based combi oven maker, Eloma, for Euros
10.5 million in cash from the German foodservice group, Gustatus. Eloma's
turnover in 2005 was Euros 21 million and EBITA on a proforma basis was Euros
0.7 million. The warranted net assets at 31st December 2005 were over Euros 9.8
million.


Eloma specialises in combi steaming ovens and has over 25% of the German market
and 5% of the worldwide market which is dominated by the German group, Rational.
Eloma also sells bakery ovens. Eloma's factory is in Dresden, eastern Germany
and it has a sales office and research and development centre in Munich. It has
over 150 employees primarily in Germany.


Eloma is a well established business in central Europe, capable of adding Aga
Foodservice products to its range and of providing combi ovens for Aga
Foodservice's international operations notably in the UK and in the US.


"A well known European and technically strong foodservice operation has been a
target of ours for some time and we are delighted to have made Eloma, a business
with great international potential, part of our Group. The move will boost our
growing European foodservice operations." : William McGrath, Chief Executive Aga
Foodservice Group plc.


(-ENDS-)


Enquiries:


William McGrath, Chief Executive, Aga Foodservice Group plc - 0121 711 6015

Simon Sporborg/Nina Coad, Brunswick Group                   - 020 7404 5959



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
ACQTTMRTMMJMMRF
AGA Rangemaster (LSE:AGA)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more AGA Rangemaster Charts.
AGA Rangemaster (LSE:AGA)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more AGA Rangemaster Charts.