Franken-Schotter to acquire 100 % of shares of VM Kaldorf GmbH

Treuchtlingen/Kaldorf, 12. January 2018.

As of January 1st 2018, Franken-Schotter GmbH & Co. KG, Treuchtlingen, has effectively, economically and legally, acquired 100% of the shares of VM Kaldorf GmbH located in Titting-Kaldorf.

After the acquisition, VM Kaldorf GmbH will remain a separate enterprise with its own brand under the previously successful leadership of Mr. Peter templer and Mr. Johannes M. Semmer. In its Titting-Kaldorf headquarters with more than 140 employees, VM produces various natural stone products from Jura Limestone for the domestic and international markets.

Dr. Torsten Zech, Managing Director of Franken-Schotter GmbH & Co. KG, explains the acquisition: "The acquistition of VM means that two healthy and successful companies are combining their forces in order to strengthen their position as quality and technology leaders in natural stone production, specifically in the natural stone facades and flooring segments. Due to their regional proximity in Kaldorf/Petersbuch, Franken-Schotter and VM Kaldorf fit together ideally, with two important extraction areas as well as enormous production capacities for finished natural stone. The primary result of the acquisition is a completely new strategical opportunity for Jura limestone as a sustainable building material in the international project market among other things. We have a great deal of respect for the achievements and results of the employees and leadership team of VM Kaldorf over the past years and are excited about the future collaboration."

The price of the acquisition is a completely new strategical opportunity for Jura limestone as a sustainable building material in the international project market among other things. We have a great deal of respect for the achievements and results of the employees and leadership team of VM Kaldorf over the past years and are excited about the future collaboration."

The price of the acquisition was agreed upon pivately between the parties.

About Franken-Schotter:

Franken-Schotter is Germany`s leading natural stone company. With more than 400 people employed in its production sites in the heart of Bavaria, Franken-Schotter produces top-quality natural stone products for buildings and hard landscaping using state-of-the-art technology. Franken-Schotter is a regionally rooted company and as a raw material extracting and -processing company has a particular responsibility to the region with regards to sustainable quarrying and handling of raw materials as well as environmental protection.

The utilized natural stones are sustainably sourced from Franken-Schotter`s own, regional quarries and marketed and exported under the brand names Dietfurt Limestone, Jura Limestone, Dietfurt Limestone Gala and Dietfurt Dolomite worldwide in approximately 50 countries. The export share of natural stone products is approximately 60%. Finished natural stone products such as facade panels, flooring panels for interior and exterior paving, stairs, cubic stone works, stone walls and stone gabions make up the product portfolio. Raw slabs and raw blocks are sold and distributed as well. Additionally, Franken-Schotter operates several gravel plants and asphalt production facilities.

For further information about Franken-Schotter, please visit franken-schotter.com.

For further information:

Franken-Schotter GmbH & Co. KG

Dr. Torsten Zech

Hungerbachtal 1

91757 Treuchtlingen

E-Mail: t.zech@franken-schotter.de