EQS-News: Semperit AG Holding successfully completes acquisition of RICO Group and strengthens industrial core business
EQS-News: Semperit AG Holding / Key word(s): Takeover
Semperit AG Holding successfully completes acquisition of RICO Group and
strengthens industrial core business
01.08.2023 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Corporate News/Press Information
Semperit successfully completes acquisition of RICO Group and strengthens
industrial core business
• Global technology leadership in liquid silicone and high-end mould
production
• Growth potential through attractive markets and customer industries
• Strengthening of presence in North America
Vienna and Thalheim near Wels, 1 August 2023 – Semperit has successfully
completed the acquisition of RICO Group, one of the world’s leading
full-range suppliers of customised elastomer and plastics applications.
After all approvals were obtained, the closing took place on 31 July 2023.
RICO generated revenue of approximately EUR 90 million in the financial
year 2022 and employs more than 500 people in Austria, Switzerland and the
USA.
“The acquisition of RICO is another important step in implementing our
growth strategy with a focus on global leadership, innovation and
technology. Semperit thus achieves technology leadership in liquid
silicone and high-end mould production and strengthens its industrial core
business. This goes along with servicing high-growth sectors such as
health care and industrial household applications. The acquisition is
value-enhancing and also increases our presence in the North American
market”, says Semperit CEO Karl Haider.
RICO’s growth strategy, which includes expanding production at the
Austrian site in Thalheim near Wels as well as expansions in the USA and
Switzerland, will remain unchanged. According to international studies,
the market for silicone products in Western Europe and the USA will grow
significantly by around 7% annually until 2027. The market volume
currently (2023) amounts to around 8 billion US dollars.
About RICO
RICO Group was founded almost 30 years ago in Thalheim near Wels. The
company is a global market leader in the field of mould production and the
production of precise liquid silicone components and offers customised
integrated solutions in high volumes. RICO covers the complete value chain
in the field of liquid silicone – from prototype development to mould
manufacturing and large-scale production (incl. clean room production).
About Semperit
The publicly listed company Semperit AG Holding is an internationally
oriented group that develops and produces polymer products for the
industrial and medical sectors, selling them in over 100 countries around
the world: hydraulic and industrial hoses, conveyor belts, escalator
handrails, construction profiles, cable car rings, products for railway
superstructures, and examination and surgical gloves. Founded in 1824,
this long-standing Austrian company has its headquarters in Vienna,
Austria. The Semperit Group employs around 6,500 people worldwide in its
continuing and discontinued operations, including some 3,100 in Asia and
approximately 900 in Austria (Vienna and production site Wimpassing, Lower
Austria). The Group has 16 manufacturing facilities worldwide and numerous
sales offices in Europe, Asia, Australia, and America. In the 2022
financial year, the Group generated revenue of EUR 779.8 million and an
EBITDA of EUR 100.5 million in continuing operations.
Contact:
Bettina Schragl Judit Helenyi
Director Group Communications, IR Director Investor Relations
and Brand Management / Spokeswoman
+43 676 8715 8257 +43 676 8715 8310
[1]bettina.schragl[2]@semperitgroup.com [3]judit.helenyi@semperitgroup.com
[4] www.semperitgroup.com
[5] www.linkedin.com/company/semperit-ag
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01.08.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: Semperit AG Holding
Am Belvedere 10
1100 Wien
Austria
Phone: +43 1 79 777-310
Fax: +43 1 79 777-602
E-mail: judit.helenyi@semperitgroup.com
Internet: www.semperitgroup.com
ISIN: AT0000785555
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1692391
End of News EQS News Service
1692391 01.08.2023 CET/CEST
References
Visible links
1. mailto:bettina.schragl
2. judit.helenyi@semperitgroup.com
3. judit.helenyi@semperitgroup.com
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