Schweiter Technologies: 3A Composites' display business activities to be expanded
(Thomson Reuters ONE) -
Schweiter Technologies /
Schweiter Technologies: 3A Composites' display business activities to be
expanded
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Horgen, May 31, 2012 - Schweiter Technologies is strengthening European display
operations at 3A Composites through the acquisition of Foamalite in Loch Gowna,
Ireland, from Dublin-based One 51 plc. The transaction is scheduled to be
completed by the end of June 2012. In 2011, Foamalite generated revenues of
around EUR 25 million with a workforce of 70. The purchase price for the debt-
free company is in the single-digit million euro range.
Foamalite produces and sells PVC foam sheets and PET plastic sheets, serving
segments throughout the entire European market. This acquisition will enable 3A
Composites to further build on its lead role in Europe's foam sheet market and
at the same time augment its product range with transparent plastic sheets. The
market-leading PET-based products manufactured by Foamalite enjoy considerable
growth potential thanks to the superior material properties of PET.
For further information:
Martin Klöti, Head of Management Services
Tel. +41 44 718 33 03, fax +41 44 718 34 51, info(at)schweiter.com
Schweiter Technologies AG, Neugasse 10, CH - 8810 Horgen, Switzerland
Telefon +41 44 718 33 03 Fax +41 44 718 34 51 info(at)schweiter.com
www.schweiter.com
Please find the Media release in the PDF attached:
Media release (PDF):
http://hugin.info/100347/R/1616439/515537.pdf
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Source: Schweiter Technologies via Thomson Reuters ONE
[HUG#1616439]
Unternehmensinformation / Kurzprofil:
Datum: 31.05.2012 - 18:01 Uhr
Sprache: Deutsch
News-ID 151975
Anzahl Zeichen: 2383
contact information:
Town:
Horgen
Kategorie:
Business News
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