Schweiter Technologies: Expansion of 3A Composites display business
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Schweiter Technologies: Expansion of 3A Composites display business
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Horgen, 2. February 2015 - Schweiter Technologies is further strengthening its
display business with 3A Composites and has entered into an agreement to acquire
the Polycasa Group, a leading manufacturer of transparent plastic sheeting, from
the Aventas Group. In 2014 Polycasa generated sales of circa. EUR 180 million.
The agreed enterprise value for the Polycasa Group (on a cash free/debt free
basis) is EUR 120 million. The transaction will be completed following approval
by the relevant competition authorities.
Polycasa (www.polycasa.com) is one of the largest manufacturer of transparent
plastic sheeting in Europe. The materials are widely used in the fields of
advertising, communication and industry. Polycasa offers a wide range of plastic
sheet products with different structures, coatings, thicknesses and degrees of
translucence and uses a number of different materials ranging from acrylic
through polycarbonate and polyester to styrenics. Polycasa has five production
sites in Europe that meet the highest quality standards and which, together with
its unique logistics concept, offer customers the widest possible range and
maximum availability. The company has a workforce of around 500.
In acquiring Polycasa, Schweiter is strengthening the display business of the
3A Composites division, following the successful integration of Foamalite. The
transparent materials produced by Polycasa will ideally supplement the existing
product range of various hard and light foam materials plus aluminium sandwich
panels. In many areas, Polycasa uses similar technologies to those used by 3A
Composites. Joint innovation efforts will generate potential for growth and
open up new business areas. This means that the company can continue to expand
its market position both in its existing business through 3A Composites and in
the new areas via Polycasa. Thanks to its focus on quality and customers,
Polycasa is an excellent complement to the display business.
For further information please contact:
Martin Klöti, CFO
Tel. +41 44 718 33 03, fax +41 44 718 34 51, martin.kloeti(at)schweiter.com
Schweiter Technologies AG, Neugasse 10, CH - 8810 Horgen, Switzerland
Tel. +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/1890831/669505.pdf
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Source: Schweiter Technologies via GlobeNewswire
[HUG#1890831]
Unternehmensinformation / Kurzprofil:
Datum: 02.02.2015 - 06:00 Uhr
Sprache: Deutsch
News-ID 368312
Anzahl Zeichen: 3421
contact information:
Town:
Horgen
Kategorie:
Business News
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