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EQS-Adhoc: Airopack Technology Group AG secures funding to double its manufacturing capacity

EQS Group-Ad-hoc: Airopack Technology Group AG / Schlagwort(e): Finanzierung
Airopack Technology Group AG secures funding to double its manufacturing

21.06.2017 / 18:25 CET/CEST
Veröffentlichung einer Ad-hoc-Mitteilung gemäss Art. 53 KR
Ad-hoc release / Press Release

Airopack Technology Group secures funding to double its manufacturing capacity

Upscaling to 200 million environmental friendly dispensers annually

Baar, 21 June 2017 - Airopack Technology Group AG ("ATG"), manufacturer of
environmental friendly dispensers, is pleased to announce that it has secured
funding to begin doubling its manufacturing capacity to 200 million pieces of
Airopack annually. The upscaling process will start by the end of 2017. With
this investment ATG is confirming its ability to bring sustainable packaging
innovations to the market at competitive costs, becoming the new standard in
planet friendly packaging solutions.

In December 2016 ATG opened its new state-of-the-art plant in Waalwijk, the
Netherlands, with an initial annual capacity of 80 million pieces of Airopack.
Airopack is a safe, all-plastic pressurized dispenser that is environmentally
and planet friendly. It was developed by ATG, which holds its patent and is
worldwide the sole producer of this unique dispenser. All assets in the Waalwijk
plant are installed and fully operational according to plan, achieving an
Acceptance Quality Limit (AQL) level of 0.065 for critical defects, the highest
quality standard in the packaging industry.

Doubling manufacturing capacity
Due to continued strong customer demand, ATG is now commencing expansion of its
manufacturing capacity at the Waalwijk plant. An increase of installed capacity
to 100 million pieces annually is targeted by end 2017, with a further modular
expansion of installed capacity to 200 million pieces annually over the course
of 2018. The modular layout of the current plant provides for straightforward
upscaling of capacity with minimal business disruption.

Funding secured
ATG will fund its business plan with a combination of (i) a capital increase
with expected net proceeds of approximately EUR 11.7 million, (ii) an additional
EUR 10 million debt facility provided by funds managed by affiliates of Apollo
Global Management, LLC (the "Apollo Funds"), and (iii) asset-based financing,
including lease and factoring provided by Rabobank and KBC respectively.

Capital increase
A private placement of 1,228,955 registered shares in ATG with a nominal value
of CHF 5.00 per share has been fully subscribed by investors at an issue price
of CHF 10.65 each. Apollo Funds will participate in the private placement pro
rata for their current shareholding. New shares will be issued from the
authorized capital and will be entitled to dividends from the financial year
2017 onwards. Completion of the private placement and listing of the new shares
in accordance with the Swiss Reporting Standard of SIX Swiss Exchange is
expected in the first half of July 2017.


For more information:

For media:

Hill + Knowlton Strategies
Frans van der Grint

T: 31 (0) 20 404 4707

For investors:

Airopack Technology Group AG
Quint Kelders, CEO / Liebwin van Lil, CFO

Zugerstrasse 76b
CH-6340 Baar
TF: +31 416 300 800


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 and solely by ATG patented Airopack(R)
technology offers a safe, all-plastic pressurized dispenser that is
environmentally and planet friendly.

Airopack Technology Group operates a Airopack Ready to Fill manufacturing
facility in Waalwijk, The Netherlands and a Full-Service Filling operation in
Heist-op-den-Berg Belgium. The Global Research and Development Team and the
Airopack Global Management as well as the Customer Service Organisation are also
based in Waalwijk, The Netherlands.

The shares of the company are listed on the Swiss Reporting Standard of the SIX
Swiss Exchange since 2010. (Ticker: AIRN / ISIN: CH0242606942).

Ende der Ad-hoc-Mitteilung------------------------------------------------------

Sprache:     Deutsch

Unternehmen: Airopack Technology Group AG

             Zugerstrasse 76b

             6340 Baar


Telefon:     +41 417663500

Fax:         +41 417663509



ISIN:        CH0242606942

Börsen:      SIX Swiss Exchange


Ende der Mitteilung EQS Group News-Service


585149  21.06.2017 CET/CEST

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