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Mills Acquires 25% Stake in Rohr

Mills acquires 25% stake in Rohr for R$90 million. Rohr is a privately held engineering company with 45 years of experience serving sectors like construction, infrastructure, and oil & gas. In 2009, Rohr's revenues were R$163 million with net earnings of R$33 million and EBITDA of R$62 million, with a net cash position of R$77 million. This acquisition will enable Mills to expand into new sectors through Rohr's reputation and profitability, supplementing Mills' own R$1.1 billion investment plan through 2012 for geographic expansion and growth in Brazil's infrastructure, real estate, and oil & gas industries.

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6 views2 pages

Mills Acquires 25% Stake in Rohr

Mills acquires 25% stake in Rohr for R$90 million. Rohr is a privately held engineering company with 45 years of experience serving sectors like construction, infrastructure, and oil & gas. In 2009, Rohr's revenues were R$163 million with net earnings of R$33 million and EBITDA of R$62 million, with a net cash position of R$77 million. This acquisition will enable Mills to expand into new sectors through Rohr's reputation and profitability, supplementing Mills' own R$1.1 billion investment plan through 2012 for geographic expansion and growth in Brazil's infrastructure, real estate, and oil & gas industries.

Uploaded by

MillsRI
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd

Press Release

Mills acquires stake in Rohr


Rio de Janeiro, January 19, 2011 - Mills Estruturas e Servios de Engenharia S.A. (Mills) informs that it entered into a purchase and sales agreement to acquire 25% of the voting and total capital stock of Rohr S/A Estrutura Tubulares (Rohr) for R$ 90 million. Rohr is a privately held company specialized in access engineering and solutions for civil construction and has 45 years of experience in this market. The company serves the following sectors: heavy construction and infrastructure, residential and commercial construction, industrial maintenance and events. In 2009, Rohrs net revenues and net earnings, both audited, were R$ 163 million and R$ 33 million, respectively. Additionally, its cash generation, measured by EBITDA, was R$ 62 million. As of December 31, 2009, its net cash position was R$ 77 million. This strategic acquisition will enable Mills to broaden its exposure to the sectors it serves infrastructure, residential and commercial construction, oil & gas industry, among others -, through investment in a company with solid market reputation, competent management, strong financials and profitability compatible to Mills. This investment is supplementary to our organic growth plan that involves estimated investment of R$ 1.1 billion over the period 2010-2012, in order to enable our geographic expansion in Brazil and to meet the strong and growing demand from the Brazilian infrastructure and real estate sectors, driven by the expansion in home loans, by the PAC Programa de Acelerao do Crescimento and by investments for the 2014 World Cup, the 2016 Olympics Games and in the oil & gas industry. We will continue to analyze strategic acquisition opportunities that offer attractive return to our shareholders.

For further information, contact: +55-21-2123-3700 ri@[Link]

Alessandra Gadelha IR Officer


agadelha@[Link]

Camila Conrado Investor Relations


cconrado@[Link]

This press release may include declarations about Mills expectations regarding future events or results. All declarations based upon future expectations, rather than historical facts, are subject to various risks and uncertainties. Mills cannot guarantee that such declarations will prove to be correct. These risks and uncertainties include factors related to the following: the Brazilian economy, capital markets, infrastructure, real estate and oil & gas sectors, among others, and governmental rules that are subject

to change without previous notice. To obtain further information on factors that may give rise to results different from those forecasted by Mills, please consult the reports filed with the Brazilian Comisso de Valores Mobilirios (CVM).

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