02.03.2020 – Conzzeta AG

Conzzeta: Sale of Schmid Rhyner completed

Conzzeta / Key word(s): Disposal/Personnel
Conzzeta: Sale of Schmid Rhyner completed

02-March-2020 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.


Implementation of the focus strategy
Sale of Schmid Rhyner completed

Zurich, March 2, 2020 - Conzzeta has reported that it has completed the sale
of Schmid Rhyner, which was announced on December 20, 2019. The business
unit has been sold to the specialty chemicals group Altana, headquartered in
Wesel, Germany.

The change of control took place on February 28, 2020, with the
corresponding deconsolidation. Jakob Rohner, CEO of Schmid Rhyner, therefore
leaves the Conzzeta Executive Committee.

According to Michael Willome, Conzzeta Group CEO: "The sale of Schmid Rhyner
is a first concrete step towards focusing the business portfolio on
Bystronic as announced. We wish the team at Schmid Rhyner every success in
commercializing its innovative product portfolio under the new management of

In 2019, Schmid Rhyner contributed 3.2% to Conzzeta's revenue, or 14.3% to
the revenue of the Chemical Specialties segment. The transaction will result
in a substantial divestment gain for the first half of 2020.

Michael Stäheli, Head Investor Relations & Corporate Communications;
Tel. +41 44 468 24 49; media@conzzeta.com

About Conzzeta
Conzzeta is a broadly diversified Swiss group of companies. It stands for
innovation, market orientation and an entrepreneurial approach. About 5,000
employees at more than 60 locations worldwide work in the Sheet Metal
Processing, Chemical Specialties and Outdoor segments. In December 2019,
Conzzeta announced a strategic focus on the Sheet Metal Processing segment
and the sale of all its other activities. Conzzeta AG is listed on the SIX
Swiss Exchange (SIX:CON).


End of ad hoc announcement