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).
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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 |
