Zehnder Group to acquire all minority stakes in Turkish radiator manufacturer

Gränichen/Switzerland, 8 December 2011 – Zehnder Group, with international operations in the indoor climate sector (radiators and ventilation systems), is to take over Sanpan Isıtma Sistemleri Sanayi ve Ticaret Ltd (Sanpan). The Turkish firm, located in Manisa, produces bathroom radiators for the European market. Zehnder Group is increasing its investment, which it has held since 2006, from 51% to 100%.

René Grieder
Moortalstrasse 1
5722 Gränichen

Chief Financial Officer