Business news : SIDAS takes ownership of Therm-ic

With immediate effect Sidas, French specialist insoles, acquired the assets of the insolvent, Austrian manufacturer Therm-ic heating system.

All acquired assets are transferred to the new company Sidas Central GmbH. The Sidas Central GmbH is responsible for the acquisition of the residual, and the contact with the large retailers responsible for organizing the deliveries for the season 2012/13. In the following months, according to press release to a subsidiary in Graz, Austria, to be established in order to make fully re-establish and prepare for the winter season 2013/14 and beyond. Until then, the transition to Germany and Austria by Robert Bauer (ex-Therm-ic) and for all export markets by François Duvillard, Director General of Sida, to be managed.

Duvillard commented: "This is an important strategic shift for Sidas. We see great potential in the market for heating systems. The trademarks and patents of Therm-ic will enable Sida to list in this category are an undisputed world leader. "

Contact for Austria and Germany: Robert Bauer
robert.bauer.1 @ web.de
Mobile: +49172896 34 66
Office: +49 89 54 88 9701

Contact for export: François Duvillard (duvillard@sidas.com)

( German source www.Spomo.de )