Austrian polymers firm Semperit says it has successfully completed the acquisition of Rico Group, a liquid silicone rubber (LSR) moulder and mould maker. After all approvals were obtained, the closing took place on 31 July 2023. Rico generated revenue of…
Tag: semperit
Semperit breaks ground for expansion of hose production in Czech Republic
Following the decision made in July of last year to further increase hydraulic hose production at the Odry facility in the eastern Czech Republic, the official ground-breaking ceremony for the plant expansion has now taken place on site, according to…
Semperit to acquire LSR firm Rico; to strengthen market presence in North America
Given the annual growth rate of silicone will be around 7% until 2027, while the market for silicone applications in Western Europe and the US amounts to approximately US$8 billion (2023), Austrian polymers firm Semperit Group says that it will…
Harps buys Semperit’s glove business for EUR115 mn
Singapore’s Harps Global Pte and Semperit Technische have reached an agreement on the acquisition by Harps of Semperit’s medical business (comprising the manufacture, distribution and sale of medical examination and surgical gloves) (Sempermed) for an enterprise value of EUR115 million.…
Semperit invests EUR110 mn in Czech hose facility
Alongside ongoing M&A activities, the Austrian publicly listed Semperit Group has set out its plan to boost organic growth at its huge hose factory in Odry in the Czech Republic. A total of EUR110 million will be invested into extending…
Semperit opens new production site and hq in US
Vienna-based polymer products firm Semperit Group two years ago made the decision two years ago to invest around US$10 million into the installation of two new production lines for rubber gaskets as well as the relocation of the existing headquarters…
Semperit, Sri Trang finalise demerging of almost all joint ventures
Austria-based industrial rubber and plastics manufacturer Semperit Group and Thai natural rubber company Sri Trang Agro-Industry Public Co Ltd. Group have finalised the demerging of almost all of their joint ventures as agreed upon earlier this year. Semperit takes over…
Semperit, Sri Trang demerge their joint business activities
Austrian Semperit Group and the Thai Sri Trang-Agro Industry Public Co Ltd Group are demerging their almost all of their joint ventures after 27 years of cooperation. Semperit will take over the joint distribution company in the USA (Sempermed USA),…
Semperit acquires Latexx
Semperit Holding says the offer period for all outstanding shares and warrants of Malaysian firm Latexx Partners closed in November.
Semperit increases stake in Latexx Partners
Austria-based Semperit SG holding has completed its acquisition of all the shares and warrants of Mr. Low Bok Tech and other shareholders of the Malaysian glove firm, Latexx Partners Berhad.