DGAP-News: KAP AIMS TO ACCELERATE GROWTH AND IS IN ADVANCED NEGOTIATIONS TO ACQUIRE VINYL SPECIALIST HAOGENPLAST
Retrieved on:
Monday, December 20, 2021
Fulda, 14 December 2021 - KAP AG ("KAP"), a mid-sized industrial holding company listed on the stock exchange, is in advanced negotiations with the owners of HaOgenplast Ltd. ('HaOgenplast') to acquire 100% of the shares in the company in order to strengthen and further expand the flexible films segment.
Key Points:
- Fulda, 14 December 2021 - KAP AG ("KAP"), a mid-sized industrial holding company listed on the stock exchange, is in advanced negotiations with the owners of HaOgenplast Ltd. ('HaOgenplast') to acquire 100% of the shares in the company in order to strengthen and further expand the flexible films segment.
- The planned acquisition is dependent, among other things, on the signing of the purchase agreement by the parties.
- Founded in 1952, HaOgenplast supplies a worldwide customer base with advanced vinyl films, foils and laminates for applications in the construction, agricultural and industrial sectors.
- Eckehard Forberich, member and Spokesman of the Management Board of KAP AG: "HaOgenplast is a strong global brand from which we would benefit.