Airopack Technology Group AG

EQS-Adhoc: Airopack Technology Group AG: Intended acquisition of full-service manufacturing business



EQS Group-Ad-hoc: Airopack Technology Group AG / Key word(s): Acquisition
Airopack Technology Group AG: Intended acquisition of full-service manufacturing
business

25.09.2015 / 07:00
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 AG - Intended acquisition of full-service
manufacturing business

Baar, September 25, 2015 -Airopack Technology Group AG intends to acquire part
of the activities of Proficos, a full-service contract manufacturer of cosmetic
products that is based in Heist-op-den-Berg (Belgium). The full-service
manufacturing activities of Airopack Group, including filling, sleeving,
labelling and packing of Airopack dispensers, are currently subcontracted to
Proficos and will be insourced by this intended acquisition.

In the frame of the judicial reorganization of Proficos, Airopack Technology
Group has offered to acquire certain assets, contracts and parts of the business
of Proficos, primarily with global leading cosmetics and body care brand owners.
Furthermore, approximately 50 employees are offered a position at AiroSolutions,
the new full-service manufacturing entity of Airopack Technology Group. Airopack
Technology Group and Proficos have already received confirmation from the most
important clients that they are willing to continue their business relationship
through AiroSolutions.

The intended acquisition requires local court approval and, if approved, is
expected to be completed early October 2015.

For more information:
Airopack Technology Group AG
Frans van der Vorst, CFO
Zugerstrasse 76b
6340 Baar
Switzerland
T +41 41 766 35 00
E frans.vandervorst@airopackgroup.com
www.airopackgroup.com

 
Airopack Technology Group AG is a leading developer and supplier of mechanical
and pressure-controlled dispensing packaging technologies and systems for
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 friendly: no
inhalation risks, no propellants and no unnecessary waste. Unlike other
pressurized dispensers that use propellants Airopack(R) uses just normal
compressed air which results in dispensing a formulation at constant pressure
from start to finish.
Airopack Group does not only offer this patented technology but also has a
Full-service operation. With this Full-service operation Airopack Group provides
a turnkey solution to quickly and easily launch customer products in
Airopack(R). Via the unique Full-service operation Airopack Group can mould,
assemble, sleeve or label, fill and pack Airopack(R) to customer's
specifications. In addition Airopack Group has a highly experienced laboratory
for formulation development and bulk production to ensure the best quality and
control.
Within the context of a joint venture (Airolux AG) with Resilux the Airopack
Technology Group operates a manufacturing facility in Glarus Nord, Switzerland,
a Full-service operation in Belgium, global R&D and customer service facility in
Waalwijk, the Netherlands and a sales office in Pendergrass, Georgia, United
States of America. With deliveries to the world's largest and leading consumer
brands, Airopack Technology Group reached a key milestone in 2015 with respect
to commercial market entry. The shares of the company are listed on the Swiss
Reporting Standard of the SIX Swiss Exchange since 2010. (Ticker: AIRN / ISIN:
CH0242606942).
 

 
Airopack Technology Group AG
Frans van der Vorst, CFO
Zugerstrasse 76B
6340 Baar
Switzerland
T+41 41 766 35 00
Efrans.vandervorst@airopackgroup.com
 
www.airopackgroup.com

End of ad hoc announcement

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25.09.2015 News transmitted by EQS Schweiz AG. www.eqs.com - news archive:
http://switzerland.eqs.com/de/News

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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