(Corrects profit in headline and first paragraph, purchase price in second.)
Arques Industries AG, a German holding company with stakes in machinery makers, said it earned 16 million euros ($22 million) in the disposal of its building component supplier unit SKS Stakusit.
The company sold SKS, a Duisburg, Germany-based maker of building materials including anti-insect devices, for 17 million euros to Gei-Immo AG after ``fundamental restructuring,'' Starnberg-based Arques said in a statement on the DGAP newswire today. It bought the unit in 2005 for 1 million euros from Masco Corp. of the U.S.
The disposal is Arques' fifth within the past 12 months, the company said.
To contact the reporter on this story: Stefanie Haxel in Frankfurt at firstname.lastname@example.org
To contact the editor responsible for this story: Chris Jasper email@example.com.