SIMONA Aktiengesellschaft: Acquisition in the US plastics market
August 01, 2018 at 01:05 am EDT
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DGAP-Ad-hoc: SIMONA Aktiengesellschaft / Key word(s): Takeover
SIMONA Aktiengesellschaft: Acquisition in the US plastics market
01-Aug-2018 / 07:02 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Acquisition in the US plastics market
Kirn, 1 Aug 2018. The SIMONA Group has acquired Premier Material Concepts, LLC (PMC), Findlay, Ohio, USA. PMC is an extrusion company specializing primarily in the manufacture of plastic sheet products used in caravan, agricultural, and industrial applications. Employing more than 60 people, the company generated annual revenue of approx. USD 27 million in fiscal 2017. Focusing on attractive niche markets for thermoforming applications, PMC supplies high-performance plastics requiring specialist solutions and significant materials expertise. Among the key materials processed by the company are TPO, ABS, and combinations of vinyl and acrylic with ABS. PMC is renowned for its highly flexible production capabilities and its extensive in-house expertise in the field of product development. The company was owned by a private equity firm.
01-Aug-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
SIMONA Aktiengesellschaft
Teichweg 16
55606 Kirn an der Nahe
Germany
Phone:
06752-14-997
Fax:
06752-14-738
E-mail:
eric.schoenel@simona.de
Internet:
www.simona.de
ISIN:
DE0007239402
WKN:
723940
Listed:
Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin
Simona AG is a Germany-based company that develops, manufactures, and markets a range of semi-finished thermoplastics, pipes, and fittings as well as finished parts and profiles The Company offers technical solutions centered around industry and infrastructure. The production methods applied within this area range from extrusion, pressing, and injection molding to CNC manufacturing. The product range includes sheets, twin-wall sheets, welding rods, three-dimensional (3D) printing filaments, pipes, fittings, flanges, valves, solid rods, hollow rods, u-profiles, and square parts. Its products are used within the area of chemical tank and equipment construction, mechanical engineering, and the transport industry, among others. Pipes and fittings are used primarily for drinking water supply, sewage disposal, and industrial piping systems, including the chemical process industry. Its finished parts are destined for the mechanical engineering and transport technology sectors.
SIMONA AKTIENGESELLSCHAFT 
