BARLO PLASTICS ACQUIRES SLOVAKIAN PMMA EXTRUDER

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BARLO PLASTICS ACQUIRES SLOVAKIAN PMMA EXTRUDER
06 August 2001 - Barlo Plastics

Barlo Plastics Europe announces the acquisition of all production and sales activities of PCHZ-Akryl a.s. through PSC s.r.o.. The business will become part of Barlo Plastics Europe, as Barlo Plastics Slovakia.

PCHZ-Akryl is engaged in the production of PMMA resins and PMMA extruded sheets,with an extended range of dimensions and colours. The company is based in Zilina, Slovakia, approximately 200km north-east of Bratislava. It has a workforce of 120 employees. The current Managing Director, Elo Striezenec, of the business will join Barlo Plastics’ management team.

PCHZ-Akryl has well developed manufacturing technology and experience in this sector. The company has very important channels-to-market into mid and eastern Europe. This gives Barlo Plastics an excellent opportunity for expanding sales through these extensive sales channels into the significant eastern european market for its other plastic sheets.

Consideration in respect of PSC’s share capital will be up to €7.8 million and, in addition, Barlo Group will discharge intercompany and third party indebtedness of €5.8 million. €5.6 million of the consideration in respect of share capital has been paid on completion; the balance (up to €2.2 million) will be payable in instalments over the next six months. Barlo Plastics becomes the leading supplier of extruded acrylic sheet by this acquisition.

‘This acquisition transaction will provide Barlo Plastics with a significant advantage in today’s eastern european market. It will strengthen our position for our other plastic sheet in this emerging market’ said André De Smet, Managing Director of Barlo Plastics Europe.

http://www.barloplastics.com

About: Barlo Plastics
Barlo Plastics is Europe’s foremost supplier of transparent plastic sheet. Key products are: BARLO XT (extruded PMMA), BARLO CAST (cast PMMA), BARLO PC (Polycarbonate), BARLO PS (Polystyrene), SPECTAR sheet (PETG), BARLO SAN (Styrene Acrylo Nitrile) and BARLO SPC (multiwall Polycarbonate) as well as HIPS, ABS and PP.

Headquartered in Geel, Belgium, Barlo Plastics has operating facilities in Germany, Spain, France, Ireland, Slovakia and the Czech Republic as well as sales and support operations in all major European countries.

Barlo Plastics is an operating company of the Irish Barlo Group, a European leader in plastic products and radiators. The Group is listed on the London and Dublin stock markets.

Spectar and Spectar UV are registered trademarks of Eastman Chemical Company.

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