KAP AG

  • WKN: 620840
  • ISIN: DE0006208408
  • Land: Deutschland

Nachricht vom 14.12.2021 | 18:16

​​​​​​​KAP AG: ADVANCED NEGOTIATIONS FOR ACQUISITION OF HAOGENPLAST LTD.

KAP AG / Key word(s): Mergers & Acquisitions
​​​​​​​KAP AG: ADVANCED NEGOTIATIONS FOR ACQUISITION OF HAOGENPLAST LTD.

14-Dec-2021 / 18:16 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.


KAP AG: ADVANCED NEGOTIATIONS FOR ACQUISITION OF HAOGENPLAST LTD.

Fulda, 14 December 2021 -KAP AG is in advanced negotiations with the owners about the acquisition of 100% of the shares in HaOgenplast Ltd. to strengthen and further extend KAP's flexible films segment. The purchase price (enterprise value) for HaOgenplast Ltd. will be around ILS 150 million (around EUR 43 million) at closing and results in expected multiple of around 4.8x on the expected EBITDA for 2021 (without any expected synergies).

The planned acquisition depends, amongst others, on the signing of the SPA which is expected to be concluded by the end of this year.

HaOgenplast Ltd. is a company based in Israel mainly producing foils for swimming pools, window laminates and industrial weatherproof roof coverings. With around 150 employees, HaOgenplast Ltd. is expected to generate sales of around EUR 50 million in 2021. By acquiring HaOgenplast Ltd., KAP AG expects significant synergies, especially in the flexible films segment. With the planned acquisition, KAP AG would, amongst others, extend its leading position in fabric-reinforced pool liners and at the same time, by gaining sophisticated flat roof solutions and extend its strong position in the roofing market. With the extensive product range for decorative foils, which are used, for example, in the field of window profiles, a new market opportunity would open up for KAP's flexible films segment.

The Management Board

Notifying Person und Investor Relations

Kai Knitter
Head of Investor Relations & Corporate Communications
investorrelations@kap.de
+49 (0) 661 103 327


14-Dec-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

Events im Fokus

Termine 2022

1./2. Juni 2022: Fachkonferenz Immobilien & Software | IT

13./14. Juli 2022: Fachkonferenz Beteiligungsgesellschaften & Consumer/Leisure

12./13. Oktober 2022: Fachkonferenz Finanzdienstleistungen/Technologie

Aktueller Webcast

Novem Group S.A.

FY 2021/22 Preliminary Results

02. Juni 2022

Aktuelle Research-Studie

Original-Research: GBC Insider Focus Index (von GBC AG): GBC Insider Focus Index

25. Mai 2022