???????KAP AG: ADVANCED NEGOTIATIONS FOR ACQUISITION OF HAOGENPLAST LTD.
December 14, 2021 at 12:19 pm EST
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DGAP-Ad-hoc: KAP AG / Key word(s): Mergers & Acquisitions
???????KAP AG: ADVANCED NEGOTIATIONS FOR ACQUISITION OF HAOGENPLAST LTD.
14-Dec-2021 / 18:16 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
KAP AG: ADVANCED NEGOTIATIONS FOR ACQUISITION OF HAOGENPLAST LTD.
Fulda, 14 December 2021 -KAP AG is in advanced negotiations with the owners about the acquisition of 100% of the shares in HaOgenplast Ltd. to strengthen and further extend KAP's flexible films segment. The purchase price (enterprise value) for HaOgenplast Ltd. will be around ILS 150 million (around EUR 43 million) at closing and results in expected multiple of around 4.8x on the expected EBITDA for 2021 (without any expected synergies).
The planned acquisition depends, amongst others, on the signing of the SPA which is expected to be concluded by the end of this year.
HaOgenplast Ltd. is a company based in Israel mainly producing foils for swimming pools, window laminates and industrial weatherproof roof coverings. With around 150 employees, HaOgenplast Ltd. is expected to generate sales of around EUR 50 million in 2021. By acquiring HaOgenplast Ltd., KAP AG expects significant synergies, especially in the flexible films segment. With the planned acquisition, KAP AG would, amongst others, extend its leading position in fabric-reinforced pool liners and at the same time, by gaining sophisticated flat roof solutions and extend its strong position in the roofing market. With the extensive product range for decorative foils, which are used, for example, in the field of window profiles, a new market opportunity would open up for KAP's flexible films segment.
The Management Board
Notifying Person und Investor Relations
Kai Knitter
Head of Investor Relations & Corporate Communications
investorrelations@kap.de
+49 (0) 661 103 327
14-Dec-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
KAP AG
Edelzeller Straße 44
36043 Fulda
Germany
Phone:
06611030
Fax:
0661103830
E-mail:
office@kap.de
Internet:
www.kap.de
ISIN:
DE0006208408
WKN:
620840
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
Kap AG, formerly KAP Beteiligungs AG, is a Germany-based industrial holding company. The Company invests in small and medium companies in need of a new ownership structure, with focus on segments, such as engineered products, flexible films, precision components, surface technologies, as well as information technology (IT) and services. Engineered products segment offers technical threads and scrims for products, such as tires, fire retardants and medical solutions. Flexible films segment manufactures films for application in medical products, packaging and construction, among others. Precision components segment provides products, such as gears and drives, for the automotive and machining industry. Surface technologies segment provides electroplating and other metal finishing solutions. In the IT/services segment, Kap AG invests in business providing big data, data analytics and industry 4.0 solutions. Its portfolio companies have production and sales locations in various countries.
KAP AG 
