December 17, 2009. Athens, Greece – The M.J. Maillis SA, a global leader in secondary packaging listed on the Athens Exchange (ATHEX: MAIK), announced today that following an out of court settlement, the M.J. Maillis Group obtained on December 4, 2009 complete ownership of an office building in Milan, where its fully owned subsidiary Columbia srl, has been conducting its activities.
Mr. Dimitris Kouvatsos, Chief Restucturing Officer and Chief Financial Officer commented: “With this settlement, the M.J. Maillis Group expands its fixed asset base, by 1.1 mio euro, with the addition of a valuable real estate holding in Milan acquired at no cash cost. Furthermore, this will also have a lasting favourable impact on the operations of our Italian subsidiary, which will optimize its cost structure eliminating its rental expense. This adds to positive results that we achieved so far with the far reaching restructuring program that the Group has been implementing, enhancing our ability to benefit from the gradual economic recovery underway in the global markets.”
About the M.J. Maillis Group
The M.J. Maillis Group is a leader in secondary packaging providing its clients globally with complete, high technology and cost effective packaging solutions (one-stop-shopping) that combine packaging equipment, packaging materials, service and support. The Group employs 1,569 people and maintains physical presence in 18 countries in Europe, North America and Asia, while its products are sold in more than 80 countries worldwide. The Group’s customer base extends to the food and beverage, aluminium, steel, construction, timber and bailing industries and it is the exclusive or preferred global supplier to an increasing number of major industrial and consumer products multinationals such as US Steel, Nestle, Coca Cola, P&G, Henkel, Pepsi, Mars, Lafarge, Alcoa, ArcelorMittal, Corus, Wall-mart etc. The shares of the M.J. Maillis Group are listed on the Athens Exchange under the ticker symbol “MAIK”.
For more information please contact:
Group’s Investor Relations Department
Investor Relations Advisors
Athens – Theodora Ampatzi – Tel. +30-210-6109-800
London – Annie Evangeli – Tel. +44-203-206-1320
New York – Matthew Abenante – Tel. +1-212-661-7566