Possehl Acquires Monforts Textilmaschinen

Germany-based L. Possehl & Co.
mbH — a conglomerate focused on electronics, precious metal processing, and international ore and
mineral trading — has acquired finishing and coating machinery producer A. Monforts Textilmaschinen
GmbH & Co. KG, also based in Germany. The Monforts von Hobe family has maintained control of
Monforts Werkzeugmaschinen GmbH & Co. KG.

Monforts Textilmaschinen will operate as an independent business segment within the Possehl
Group, and its joint venture with Hong Kong-based Fong’s National Engineering will continue.
Monforts — with a turnover of 110 million euros — employs 375 people at its plants in Germany,
Austria and Switzerland; and its joint venture in China.

“As an independent business division, Monforts Textilmaschinen group can maintain its own
identity, and has the opportunity to strengthen its market position to further develop the company
successfully in the long run,” said Uwe Lüders, CEO, Possehl.

May/June 2006