Successful acquisition – Semperit holds more than 85% of Latexx Partners
Vienna, Austria/Kuala Lumpur, Malaysia, 23 November 2012 - Semperit AG Holding (Bloomberg ticker: SEM:AV, Reuters: SMPV.VI) announces that the offer period for all outstanding shares and warrants of Latexx Partners Berhad (“Latexx Partners”) closed today.
The offer was made via Semperit Investments Asia Pte Ltd, a wholly-owned subsidiary of Semperit. After the successful closure of the offer Semperit holds more than 85% of Latexx Partners on a diluted basis of 274.7 million shares (post potential exercise of all warrants) and more than 82% based on an undiluted basis of 222.7 million shares.
About Semperit
The publicly listed company Semperit AG Holding is a group operating internationally, which develops, produces and markets highly specialised products made of rubber and plastics (examination and surgical gloves, hydraulic and industrial hoses, conveyor belts, escalator handrails, building construction profiles, cable car rings and railway superstructure products) in the Medical and Industrial Business Sectors. The headquarters of this well-established Austrian company, whose roots date back to 1824, are located in Vienna, whereas the global R&D centre is in Wimpassing, Lower Austria. Semperit employs a workforce of about 8,100 people worldwide, of whom more than 5,600 work in Asia and more than 700 work in Austria. The Group encompasses 21 production facilities as well as numerous sales offices in Europe, Asia and the Americas. In 2011 the Group generated revenue of EUR 820 million and an EBIT of EUR 83 million.
About Latexx Partners
Latexx Partners is the world’s sixth largest and one of the leading medical gloves producers in Malaysia. The company owns six manufacturing plants. Latexx Partners distributes its gloves to 80 countries, serving more than 300 customers. Latexx Partners employs more than 2,000 people. In 2011 the company generated revenue of MYR 441 million (EUR 104 million) and an EBIT of MYR 66 million (EUR 16 million).
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