Airopack Technology Group

EQS-Adhoc: Airopack Technology Group AG: Airopack acquires manufacturer of Airofiller equipment and secures additional funding


EQS Group-Ad-hoc: Airopack Technology Group AG / Key word(s): Acquisition/Funds
Airopack Technology Group AG: Airopack acquires manufacturer of Airofiller
equipment and secures additional funding

09-Feb-2018 / 06:54 CET/CEST
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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Ad-hoc release / Press Release

Airopack acquires manufacturer of Airofiller equipment and secures additional
funding

Waalwijk, 9 February 2018- Airopack Technology Group AG ("Airopack"),
manufacturer of the Planet Friendly Aerosol, is pleased to announce the
acquisition of Scholle IPN Equipment B.V. ("SIPN Equipment"), the Airopack
production partner for its full range of filling equipment ("Airofiller").
Airopack has also secured additional debt and lease facilities from Rabobank to
fund the acquisition of SIPN Equipment and for capacity growth purposes.

On 8 February 2018, Airopack closed the acquisition of all shares in SIPN
Equipment from Scholle IPN. SIPN Equipment is the Airopack production partner
for Airofiller filling equipment (www.airofiller.com) and will become a fully
dedicated Airofiller equipment manufacturer. Airofiller provides bespoke on-site
Airopack filling solutions for both Airopack clients and contract fillers.

With this acquisition Airopack will secure production capacity required to meet
strong customer demand for Airofiller filling equipment resulting from the
growing demand for the Airopack Planet Friendly Aerosol. SIPN Equipment has a
production site in Houten, the Netherlands, with 23 employees and will be
renamed to Airofiller Equipment Solutions B.V. The acquisition price is not
disclosed.

Scholle IPN will continue and intensify its manufacturing, supply and service of
(aseptic) filling, sealing and testing equipment for its bag-in-box and pouch
packaging clients through its affiliated equipment company Bossar located in
Barcelona, Spain and Pune, India and its equipment plant in Schalbach, France
and Northlake, USA.

Funding of the SIPN Equipment acquisition and related working capital needs, as
well as further growth of the Airopack business has been secured by a
combination of EUR 15 million debt facilities and a EUR 30 million revolving
lease facility provided by Rabobank. This revolving lease facility includes the
existing lease financing with Rabobank and provides Airopack additional headroom
for investments in machinery and equipment.

Quint Kelders, Chief Executive Officer, commented: "We are very pleased with the
acquisition of SIPN Equipment that enables us to supply Airofiller filling
equipment to all our current and future clients. We are also very proud to
announce the additional financing facilities provided by Rabobank that will
broaden our funding base. To have a leading Dutch bank on board in the current
phase of our company creates a solid foundation for the future. Our production
capacity expansion to 200 million pieces annually over the course of this year
is well on track and we expect to sign supply agreements with multiple new EU
and US based global customers in the personal and home care markets in the near
future."

Airopack produces a safe, all-plastic pressurized Planet Friendly Aerosol
powered purely by air that is environment and planet friendly. It was developed
by Airopack Technology Group, which holds the relevant patents and is worldwide
the sole producer of this unique Planet Friendly Aerosol. Airopack has a
worldwide customer base including multiple AAA leading personal care brands.

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For more information:

For investors:

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

E:quint.kelders@airopackgroup.com
E:liebwin.vanlil@airopackgroup.com

T: +31 (0)416 300 800

For media:

Hill + Knowlton Strategies
Charlotte de la Rambelje - de Voogd

E:charlotte.rambelje@hkstrategies.com
T: +31 (0)20 404 4707

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, home care, pharmaceutical
and food products. The revolutionary and patented Airopack(R) technology offers
a safe, all-plastic pressurized dispenser that is environmentally and planet
friendly. Airopack Technology Group holds the patent and is worldwide the sole
producer of this unique dispenser.

Airopack Technology Group operates a production facility for Airopack
ready-to-fill dispensers in Waalwijk, The Netherlands and a full-service filling
operation for ready-to-sell Airopack dispensers in Heist-op-den-Berg, Belgium,
that also develops and manufactures other innovative packaging solutions for
personal care customers . 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).

www.airopackgroup.com

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End of ad hoc announcement------------------------------------------------------

Language: English

Company:  Airopack Technology Group AG

          Blegistrasse 5

          6340 Baar

          Switzerland

Phone:    +41 417663500

Fax:      +41 417663509

E-mail:liebwin.vanlil@airopackgroup.com

Internet: www.airopackgroup.com

ISIN:     CH0242606942

Listed:   SIX Swiss Exchange



 

End of Announcement EQS Group News Service

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652943  09-Feb-2018 CET/CEST
 



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