Airopack Technology Group reaches an agreement with Resilux to take full ownership of Airolux Dienstag, 26. April 2016 - 08:20

Airopack Technology Group AG / Key word(s): Agreement
Airopack Technology Group reaches an agreement with Resilux to take full
ownership of Airolux

26.04.2016 / 07:20
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

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Airopack Technology Group reaches an agreement with Resilux to take full
ownership of Airolux

  - ATG to acquire Resilux's 50% stake in Airolux joint venture

  - Full control of Airolux allows ATG to reach its next level of growth by
    increasing production and enhancing its organizational footprint

  - ATG looks forward to expanding the use of its revolutionary and
    worldwide patented Airopack technology to serve leading fast-moving
    consumer goods companies

  - ATG and Resilux to enter into a Global Preferred Supply Agreement of
    PET preforms

  - ATG will commence preparation for a share capital increase to implement
    its strategic partnership with Apollo

Baar, 26th April 2016 - Airopack Technology Group AG ("ATG" or the "Group")
is pleased to announce it has reached an agreement regarding the
acquisition of 50% of the Airolux AG ("Airolux") joint venture currently
owned by Resilux NV ("Resilux"). The acquisition will allow ATG to fully
utilise ATG's Airopack technology and unlock its growth potential, reduce
cost price, enhance time to market and improve the organizational
footprint.

ATG will pay a cash consideration of EUR25 million to acquire Resilux's 50%
stake in Airolux. ATG will also repay Resilux's outstanding shareholder
loans and financial debts to Airolux of around EUR37 million. Furthermore,
ATG will enter into a Global Preferred Supply Agreement with Resilux under
which Resilux will have the first right to supply PET preforms to ATG.

Full ownership of Airolux was a key condition to complete the transaction
announced in December in which ATG entered into in a strategic partnership
with funds managed by affiliates of Apollo Global Management, LLC
(NYSE:APO) (together with its consolidated subsidiaries, "Apollo"). ATG
will now commence preparation for a general meeting of its shareholders in
respect of the requisite approvals for the equity investment from Apollo
and the share capital increase.

Commenting on the announcement, Quint Kelders, CEO of ATG, said: "We are
extremely pleased to be reaching an agreement with Resilux after months of
intense negotiations. This agreement allows us to accelerate on our
strategy to become a key supplier to fast-moving consumer good companies.
Together with funds managed by Apollo we can further revolutionize the
packaging industry by making dispensers cleaner, safer and cheaper."

ATG have retained Greenhill & Co. and OXEYE Advisors as financial advisers
in respect of this transaction, and have also been advised by Citadel
International, as well as bureau Brandeis and Heron Legal in respect of
Dutch law, Froriep in respect of Swiss law, and Bryan Cave in respect of
English law.

Further announcements will be made when appropriate.

For more information:
Investors:       Media:
Airopack Technology Group AG     Hill + Knowlton Strategies
Quint Kelders, CEO / Frans van der Vorst, CFO   Frans van der Grint
Zugerstrasse 76b      T: +31 (0) 20 404 4707 / M: + 31 (0) 6 29044053
CH-6340 Baar       E-Mail: frans.vandergrint@hkstrategies.com
TF: +31 416 300 800
E-Mail: quint.kelders@airopackgroup.com 
frans.vandervorst@airopackgroup.com
www.airopackgroup.com

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Airopack Technology Group AG is a leading provider of innovative mechanical
and pressure-controlled dispensing packaging technologies and systems.  Its
customers include worldwide 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 and planet
friendly. With deliveries to the world's leading consumer brands, Airopack
Technology Group reached a key milestone in 2015 with respect to commercial
market entry when its technology was embraced by one of the world's leading
consumer brands.

Airopack Technology Group, listed at the SIX Swiss exchange, is based in
Waalwijk, The Netherlands, home to its Global Management, Research &
Development and Customer Service functions. In addition, it runs a Full
Service Filling operation in Heist-op-den-Berg, Belgium, and a Ready to
Fill
manufacturing facility in Glarus Nord, Switzerland. Airopack Technology
Group plans to start and operate two new Airopack Ready to Fill
Manufacturing sites; one in North America and another one in the
Netherlands, in the course of 2016.

The shares of the company are listed on the Swiss Reporting Standard of the
SIX Swiss Exchange since 2010. (Ticker: AIRN / ISIN: CH0242606942).


www.airopackgroup.com



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