Capiton exits its German foils manufacturer POLI-TAPE to Bitburger
POLI-TAPE is a globally leading, innovative manufacturer of premium textile transfer foils and foils for plotting, lamination and digital printing. POLI-TAPE Klebefolien GmbH in Remagen and its subsidiaries in the USA and Italy are part of the POLI-TAPE Group.
The company has enjoyed constant growth over recent years. Following extensive investment, primarily in production, turnover has been increased by more than 50% during capiton’s period of involvement.
capiton acquired a minority interest in the POLI-TAPE Group in March 2011.
With the transaction that has now been signed, capiton is selling its shareholding in the POLI-TAPE Group to Bitburger Holding. The transaction is still subject to the approval of the antitrust authorities. The parties have also agreed not to disclosure further details of the transaction.
capiton received advice relating to this transaction from BMH Bräutigam & Partner (legal).
Source : Capiton Press Release