EQS-Adhoc: Airopack Technology Group successfully closes the acquisition of Resilux's 50% stake in Airolux joint venture
EQS Group-Ad-hoc: Airopack Technology Group AG / Key word(s): Acquisition
Airopack Technology Group successfully closes the acquisition of Resilux's 50%
stake in Airolux joint venture
13.05.2016 / 18:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.
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Airopack Technology Group successfully closes the acquisition of Resilux's 50%
stake in Airolux joint venture
- Full control of Airolux allows ATG to unlock growth potential of Airopack
technology
Baar, 13th May 2016 - Airopack Technology Group AG ("ATG") is pleased to
announce it has closed today the acquisition of the 50% stake in the Airolux AG
joint venture ("Airolux") previously owned by Resilux. The acquisition allows
ATG to fully utilise ATG's Airopack technology and unlock its growth potential,
reduce manufacturing cost, enhance time to market and improve the organizational
footprint.
Sole ownership of Airolux satisfies a key condition for the strategic
partnership entered with funds managed by affiliates of Apollo Global
Management, LLC (NYSE:APO) (together with its consolidated subsidiaries,
"Apollo"), and allows ATG to progress in the next phase of its strategic
partnership with Apollo, as previously announced in December 2015.
ATG paid a cash consideration of EUR25 million to acquire Resilux's 50% stake in
Airolux, funded with debt financing provided by funds managed by affiliates of
Apollo (the "Apollo Funds"). ATG will also repay Resilux's outstanding
shareholder loans and financial debts to Airolux of around EUR37 million.
ATG has commenced preparations for a general meeting of its shareholders, to be
held on 23rd June 2016, in respect of the requisite approvals for the equity
investment from the Apollo Funds and the share capital increase. The agenda for
this meeting will be communicated in due course. Further announcements will be
made if and when appropriate.
For more information:>
Investors: Media:
Airopack Technology Group AG Hill + Knowlton Strategies
Quint Kelders, CEO / Frans van der Vorst, CFO Frans van der Grint
Zugerstrasse 76b T: +31 (0) 20 404 4707 / M: + 31
(0) 6 29044053
CH-6340 Baar E-Mail:
frans.vandergrint@hkstrategies.com
TF: +31 416 300 800
E-Mail: quint.kelders@airopackgroup.com
frans.vandervorst@airopackgroup.comwww.airopackgroup.com
Airopack Technology Group AG is a leading provider of innovative mechanical and
pressure-controlled dispensing packaging technologies and systems. Its customers
include worldwide manufacturers and suppliers of cosmetics, body care,
pharmaceutical and food products.
The revolutionary and worldwide patented Airopack(R) technology offers a safe,
all-plastic pressurized dispenser that is environmentally and planet friendly.
With deliveries to the world's leading consumer brands, Airopack Technology
Group reached a key milestone in 2015 with respect to commercial market entry
when its technology was embraced by one of the world's leading consumer brands.
Airopack Technology Group, listed at the SIX Swiss exchange, is based in
Waalwijk, The Netherlands, home to its Global Management, Research & Development
and Customer Service functions. In addition, it runs a Full Service Filling
operation in Heist-op-den-Berg, Belgium, and a Ready to Fill manufacturing
facility in Glarus Nord, Switzerland. Airopack Technology Group plans to start
and operate two new Airopack Ready to Fill Manufacturing sites; one in North
America and another one in the Netherlands, in the course of 2016.
The shares of the company are listed on the Swiss Reporting Standard of the SIX
Swiss Exchange since 2010. (Ticker: AIRN / ISIN: CH0242606942).
www.airopackgroup.com
End of ad hoc announcement
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13.05.2016 News transmitted by Tensid EQS AG. www.eqs.com
The issuer is responsible for the contents of the release.
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Language: English
Company: Airopack Technology Group AG
Zugerstrasse 76b
6340 Baar
Switzerland
Phone: +41 417663500
Fax: +41 417663509
E-mail: frans.vandervorst@airopackgroup.com
Internet: www.airopackgroup.com
ISIN: CH0242606942
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart; Open Market in Frankfurt ; SIX
End of News EQS Group News Service
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463687 13.05.2016
EQS Group-Ad-hoc: Airopack Technology Group AG / Key word(s): Final Results Airopack Technology Group receives extension from SIX Swiss Exchange for publishing its 2015 Annual Report 29.04.2016 / 07:20 Release of an ad hoc announcement pursuant to Art. 53 KR. The issuer is solely responsible for the content of this ...
EQS Group-Ad-hoc: Airopack Technology Group AG / Key word(s): Agreement Airopack Technology Group reaches an agreement with Resilux to take full ownership of Airolux 26.04.2016 / 07:20 Release of an ad hoc announcement pursuant to Art. 53 KR. The issuer is solely responsible for the content of this announcement. ...