STARDUR COMPLEMENTS WEG’S COATINGS BUSINESS UNIT PORTFOLIO
Jaraguá do Sul (SC) June 19th, 2012 - WEG S.A. (Bovespa: WEGE3 / OTC:
WEGZY) announces acquisition of Stardur Tintas Especiais Ltda., a company specialized in manufacturing and marketing of coatings.
Stardur operates in coatings such as high and low solids, engineered plastics, water soluble, coil coating and automotive repainting segment, complementing WEG’s coatings business unit product portfolio. With 250 employees and 10,000 square meters area in Indaiatuba, State of São Paulo, Stardur recorded net revenues of approximately R$ 78 million in 2011.
“This acquisition strengthens our expertise in high technology products for industrials applications, complementing our products line. Moreover, with Stardur we enter in the automotive repainting market, which will allow us to further diversify our customer base and expand our distribution of capacity”, explains Reinaldo Richter, WEG Tintas
Managing Director.
Leader in the Brazilian powder coatings market, WEG Tintas also manufactures and markets liquid, anti-corrosive and marine application coatings for different market segments, as oil & gas, chemical and petrochemical, shipbuilding and offshore, auto parts and appliances. Founded in 1983, with headquarter in Guaramirim (SC) and units in Mauá (SP), Cabo de Santo Agostinho (PE) and Buenos Aires in Argentina, WEG
Tintas has more than 600 employees.
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For further information, please contact:
Investor Relations
Luis Fernando Oliveira
(47) 3276-6973
Twitter: @weg_ir luisfernando@weg.net
www.weg.net/ri
Corporate Communications
Andressa Cristina Pereira
(47)
Twitter: andressa@weg.net
www.weg.net/br/Media-Center
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Statements about Future Events
Certain statements herein contain projections or other forward-looking statements regarding future events. Any such statements are subject to known and unknown risks that may cause the actual results to be materially different from the expectations. Those risks include, among others, changes in the future demand for the products of the Company, changes in the factors that affect the domestic and international prices of the products, changes in the cost structures, changes in the markets, changes in the prices practiced by the competitors, exchange rate variations, changes in the political-economical scenario in Brazil and in emerging and international markets.
About WEG – Founded in 1961, WEG operates mainly in the sector of capital goods and is one of the largest world manufacturer of electric-electronic equipment, having five main businesses: Motors, Energy, Transmission and Distribution, Automation and
Coatings. With over 25 thousand employees, it had a net revenue of R$ 5.2 billion in
2011.
In the country, the group has its headquarter and main industrial plants in Jaraguá do
Sul/SC. The other plants are spread over Rio Grande do Sul (Gravataí), Santa
Catarina (Blumenau, Guaramirim, Itajaí and Joaçaba), São Paulo (São Paulo and São
Bernardo do Campo), Amazonas (Manaus), Espírito Santo (Linhares). Overseas, WEG has manufacturing units in Argentina, Mexico, Portugal, South Africa, China, India,
Austria and USA, besides distribution and trading centers in the USA, Venezuela,
Colombia, Chile, Germany, England, Belgium, France, Spain, Italy, Sweden, Australia,
Japan, Singapore, India, Russia and United Arab Emirates.
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