Leifheit AG: Leifheit successfully completes reorientation

Leifheit AG / Disposal22.06.2010 18:52Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted byDGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Leifheit successfully completes reorientation Kleine Wolke/Meusch sold to Possehl Focus on Household Products division and strengthening Leifheit brandsNassau/Lahn, 22 June 2010  - Leifheit AG, Nassau, is selling its subsidiaryKleine Wolke/Meusch (the remaining part of the Bathroom Furnishingsdivision) in Bremen to Possehl Mittelstandsbeteiligungen GmbH & Co. KG,Lübeck, with retroactive effect from 1 January 2010. The Board ofManagement of Leifheit AG signed the contracts today. The contract is stillsubject to approval by the Cartel Office. The purchase price isconfidential, but is in the high single digit millions. This stepsuccessfully concludes Leifheit's disposal of its entire BathroomFurnishings division. Leifheit had already disposed of its Swiss subsidiarySpirella at the start of this month, and announced discussions on the saleof Kleine Wolke/Meusch.This is a consistent pursuit of Leifheit's two central strategic goals:  * With the complete disposal of the bathroom furnishings business,Leifheithas now successfully taken the next step in focusing on the four HouseholdProducts core businesses - cleaning, laundry care, kitchen and scales.  * Leifheit will use the funds and capacity released by this move tostrengthen its Household Products brands. This also includes expansionthrough acquisitions in Germany and abroad, which Leifheit announced at thestart of the year.The sale to the Possehl group, which intends to continue and expand thebusiness, preserves the 120 jobs at Kleine Wolke/Meusch, with attractiveprospects. Possehl is a diversified group of companies which holds itsinvestments in the long term, and will work with the existing managementteam to preserve and expand the good market position of KleineWolke/Meusch.Kleine Wolke was integrated in the Leifheit Group in 1989, and Meuschfollowed in 1999. Together with Spirella, they formed the bathroomfurnishing business, and in 2009 together with numerous other bathroomaccessories, they generated turnover of EUR 26 million. The company hasaround 120 employees in Bremen and at its subsidiaries in Germany andSwitzerland.Additional information is available athttp://www.leifheit.de/en/investor-relations.html.Contact:Leifheit AGD-56377 +49 2604 97721822.06.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      Leifheit AG              Leifheitstraße              56377 Nassau              DeutschlandPhone:        02604 977-0Fax:          02604 977-340E-mail:       :     www.leifheit.comISIN:         DE0006464506WKN:          646450Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr              in Berlin, Düsseldorf, Hannover, München, Hamburg, Stuttgart End of News                                     DGAP News-Service ---------------------------------------------------------------------------