KAP : STRENGTHENS EXTRUSION COATING EXPERTISE IN THE FLEXIBLE FILMS SEGMENT WITH ACQUISITION OF DUTCH COMPANY AERO COATED FABRICS B.V.
February 17, 2021 at 10:41 am EST
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KAP AG STRENGTHENS EXTRUSION COATING EXPERTISE IN THE FLEXIBLE FILMS SEGMENT WITH ACQUISITION OF DUTCH COMPANY AERO COATED FABRICS B.V.
17.02.2021 / 16:39
The issuer is solely responsible for the content of this announcement.
KAP AG STRENGTHENS EXTRUSION COATING EXPERTISE IN THE FLEXIBLE FILMS SEGMENT WITH ACQUISITION OF DUTCH COMPANY AERO COATED FABRICS B.V.
Fulda, 17 February 2021 - KAP AG ("KAP"), a listed, mid-sized industrial group, today announced the completion of an agreement to acquire a majority stake in AerO Coated Fabrics B.V. ("AerO") in the flexible films segment. AerO is a highly specialised extrusion company and manufacturer of thermoplastic composite materials based in the Netherlands. KAP holds an 80% stake that will be successively increased to 100%. The company, founded in 2017, has state-of-the-art production plants and an innovative range of products in the field of cured-in-place pipe (CIPP) liners (trenchless pipe rehabilitation), agricultural applications, partitioning systems and special flooring. The expertise and long-term experience of the management along with highly trained employees have enabled the company to successfully occupy highly attractive niche markets in a short space of time. Organisationally, AerO is attached to CaPlast Kunststoffverarbeitungs GmbH. AerO generates highly profitable sales in the single-digit million range and has consistently achieved disproportionally growth over the last years.
Frederik Schaefer, Head of flexible films segment and Managing Director of CaPlast GmbH: "We are delighted with this successful acquisition and are looking forward to working with our new colleagues. AerO and in particular its team are a perfect fit for KAP flexible films. This acquisition will enable us to expand our leading market position in attractive niche markets further and also tap into new niche markets with joint sales and development work. Joint developments in the field of thermoplastic elastomer (TPO) tarpaulins, for agricultural applications, for instance, are already showing initial successes and make us very confident about the future."
Rinus Aerts, Managing Partner of AerO Coated Fabrics: "This is the right path for our company to take. The expertise of KAP flexible films will support and accelerate our strong growth. Our mutual trust will ensure the transformation process is smooth and uncomplicated. The countless synergies that arise from the merger, particularly in the fields of procurement as well as development and sales, make KAP flexible films the ideal partner for our customers and my team and me."
With the acquisition of AerO, the KAP Group strengthens its high level of expertise in the field of extrusion coatings in the flexible films segment and successfully implements its transformation strategy. This targeted add-on acquisition will strengthen KAP AG's leading position in niche markets with promising future prospects.
Contact:
KAP AG
Eckehard Forberich
E: e.forberich@kap.de
T: +49 661 103 715
KAP AG is a listed industrial group in the upper midsize market that offers attractive growth opportunities in its respective niche markets. KAP AG focuses on five different business areas: engineered products, flexible films, surface technologies, precision components and it/services. Through targeted acquisitions, the company strengthens its existing business areas or exploits new market opportunities. KAP allows its shareholders to participate in its long-term profitable growth through an earnings-oriented dividend. The group currently has 29 locations and around 2,700 employees in 12 countries. The shares of KAP AG are listed on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006208408).
17.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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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, Hamburg, 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.