Airopack Technology Group AG: Airopack acquires manufacturer of Airofiller equipment and secures additional funding Freitag, 09. Februar 2018 - 06:56

Airopack Technology Group AG / Key word(s): Acquisition/Funds
Airopack Technology Group AG: Airopack acquires manufacturer of Airofiller
equipment and secures additional funding

09-Feb-2018 / 06:54 CET/CEST
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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Ad-hoc release / Press Release

Airopack acquires manufacturer of Airofiller equipment and secures
additional funding

Waalwijk, 9 February 2018 - Airopack Technology Group AG ("Airopack"),
manufacturer of the Planet Friendly Aerosol, is pleased to announce the
acquisition of Scholle IPN Equipment B.V. ("SIPN Equipment"), the Airopack
production partner for its full range of filling equipment ("Airofiller").
Airopack has also secured additional debt and lease facilities from Rabobank
to fund the acquisition of SIPN Equipment and for capacity growth purposes.

On 8 February 2018, Airopack closed the acquisition of all shares in SIPN
Equipment from Scholle IPN. SIPN Equipment is the Airopack production
partner for Airofiller filling equipment ( www.airofiller.com) and will
become a fully dedicated Airofiller equipment manufacturer. Airofiller
provides bespoke on-site Airopack filling solutions for both Airopack
clients and contract fillers.

With this acquisition Airopack will secure production capacity required to
meet strong customer demand for Airofiller filling equipment resulting from
the growing demand for the Airopack Planet Friendly Aerosol. SIPN Equipment
has a production site in Houten, the Netherlands, with 23 employees and will
be renamed to Airofiller Equipment Solutions B.V. The acquisition price is
not disclosed.

Scholle IPN will continue and intensify its manufacturing, supply and
service of (aseptic) filling, sealing and testing equipment for its
bag-in-box and pouch packaging clients through its affiliated equipment
company Bossar located in Barcelona, Spain and Pune, India and its equipment
plant in Schalbach, France and Northlake, USA.

Funding of the SIPN Equipment acquisition and related working capital needs,
as well as further growth of the Airopack business has been secured by a
combination of EUR 15 million debt facilities and a EUR 30 million revolving
lease facility provided by Rabobank. This revolving lease facility includes
the existing lease financing with Rabobank and provides Airopack additional
headroom for investments in machinery and equipment.

Quint Kelders, Chief Executive Officer, commented: "We are very pleased with
the acquisition of SIPN Equipment that enables us to supply Airofiller
filling equipment to all our current and future clients. We are also very
proud to announce the additional financing facilities provided by Rabobank
that will broaden our funding base. To have a leading Dutch bank on board in
the current phase of our company creates a solid foundation for the future.
Our production capacity expansion to 200 million pieces annually over the
course of this year is well on track and we expect to sign supply agreements
with multiple new EU and US based global customers in the personal and home
care markets in the near future."

Airopack produces a safe, all-plastic pressurized Planet Friendly Aerosol
powered purely by air that is environment and planet friendly. It was
developed by Airopack Technology Group, which holds the relevant patents and
is worldwide the sole producer of this unique Planet Friendly Aerosol.
Airopack has a worldwide customer base including multiple AAA leading
personal care brands.

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For more information:

For investors:

Airopack Technology Group AG
Quint Kelders, CEO / Liebwin van Lil, CFO

E: quint.kelders@airopackgroup.com
E: liebwin.vanlil@airopackgroup.com

T: +31 (0)416 300 800

For media:

Hill + Knowlton Strategies
Charlotte de la Rambelje - de Voogd

E: charlotte.rambelje@hkstrategies.com
T: +31 (0)20 404 4707

   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,
   home care, pharmaceutical and food products. The revolutionary and
   patented Airopack(R) technology offers a safe, all-plastic pressurized
   dispenser that is environmentally and planet friendly. Airopack
   Technology Group holds the patent and is worldwide the sole producer
   of this unique dispenser.

   Airopack Technology Group operates a production facility for Airopack
   ready-to-fill dispensers in Waalwijk, The Netherlands and a
   full-service filling operation for ready-to-sell Airopack dispensers
   in Heist-op-den-Berg, Belgium, that also develops and manufactures
   other innovative packaging solutions for personal care customers . The
   Global Research and Development Team and the Airopack Global
   Management as well as the Customer Service Organisation are also based
   in Waalwijk, The Netherlands.

   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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End of ad hoc announcement

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