Resilux : acquires Poly Recycling

Wetteren, Belgium - 29 September 2017, 5.45PM

Resilux NV entered into an agreement, via its newly established Swiss subsidiary, with Signode Industrial Group, following which the latter transfers its PET recycling activities located at Weinfelden (Switzerland) - known in the market as "Poly Recycling" - to Resilux.

Pursuant to this transfer, Resilux acquires the business activities in Weinfelden, including all 35 employees, the assets and the existing contracts with customers and suppliers. The Poly Recycling activities shall continue to be conducted under the operational management of the present General Manager, Casper van den Dungen, and shall be incorporated into the newly established company Poly Recycling AG, with registered seat in Weinfelden.

Following this acquisition, Resilux, in her capacity of manufacturer of PET-preforms and bottles, (i) envisages to realize a number of synergies that shall support the company's bus iness model from a strategic point of view and (ii) extends her core business with PET recycling activities. The acquisition of Poly Recycling therefor forms a fully integrated part of the business strategy of the Resilux Group.

For completeness, Resilux refers to the press release issued by Signode Industrial Group with respect to the transfer of the Poly Recycling Business, which is attached hereto as Annex A.

For more information, please contact Resilux via info@resilux.com.

About Resilux

Resilux NV specialises in the manufacture and sales of PET preforms and bottles. These preforms and bottles are used for the packaging of water, soft drinks, oils, milk, beer, juices etc. Resilux NV originally was a family business, and was established in 1994. Since 3 October 1997, Resilux NV has been quoted on Euronext Brussels. Resilux NV has production units in Belgium, Spain, Switzerland, Greece, Russia, Hungary, Serbia and in the U.S.

Annex A - Press release Signode Industrial Group