Uponor closes the divestment of the German OEM unit

Uponor Corporation             Stock Exchange Release                 2 April 2012  16.05 EET

Uponor closes the divestment of the German OEM unit

Uponor has today closed the divestment of its German OEM unit, Hewing GmbH, to the Rettig Group, as announced in January. The deal is effective from 1 January 2012, and the business will thus not be included in the numbers reported for the year 2012. The seller is Uponor’s German subsidiary Uponor (Deutschland) GmbH, and the transaction covers the entire share capital of Hewing GmbH.

The closing sales price was €11.9 million, which will be adjusted later based on the closing statement. Uponor made an impairment write-down of €10.5 million for the financial year 2011 due to the transaction.

Hewing GmbH’s net sales for 2011 exceeded €46 million and it employed a staff of 230 persons.

Uponor Corporation

Tarmo Anttila
Vice President, Communications
Tel. +358(0)20 129 2852


Uponor is a leading international provider of plumbing and indoor climate solutions for residential and commercial building markets across Europe and North America. In Northern Europe, Uponor is also a prominent supplier of infrastructure pipe systems. Uponor offers its customers solutions that are sustainable and safe and reliable to own and operate. The Group employs approx. 3,200 persons, in 30 countries. In 2011, Uponor's net sales totalled ca €800 million. Uponor Corporation is listed on NASDAQ OMX Helsinki in Finland. http://www.uponor.com.