Notice Regarding Completion of Acquisition of
Eurofoil - Paper Coating GmbH
January 31, 2020
Nissha Co., Ltd.
We hereby announce that AR Metallizing N.V. (hereinafter, “ARM”), a consolidated subsidiary in the Industrial Materials Business Unit of Nissha Co., Ltd. , has acquired all shares of Eurofoil - Paper Coating GmbH, a German manufacturer of metallized paper, and fully completed the transaction today. In addition to strengthening its position in eco-friendly, paper-based packaging and labelling materials in the European region, this acquisition will allow ARM to expedite the development of new products by utilizing Eurofoil – Paper Coating GmbH’s processing technology.
Overview of Eurofoil - Paper Coating GmbH
| Location | Holzhauser Str. 96-100, 13509 Berlin, Germany |
|---|---|
| Representative | Bart Devos Senior Vice President, Senior Director of Industrial Materials Business Unit, Nissha Co., Ltd. Chief Executive Officer, AR Metallizing N.V. |
| Established | 1953 (establishment of predecessor company) |
| Employees | 175 |
| Business outline | Production and sales of metallized paper used in packaging for food and cigarettes |
| Net sales | €54.7 million (for fiscal year ended December 31, 2018; approximately JPY6,564 million) *Exchange rate is assumed to be €1=JPY120 |
- The content of the web is information at press time, may change thereafter without notice. Planning goals, risks and uncertainties due to the fact, predictions and may differ from actual results. Please be forewarned.
- "Nissha" is a generic name of Nissha Co., Ltd. and "Nissha Group" is a Nissha Co., Ltd. and its group companies.
- "Nissha" is a generic name of Nissha Co., Ltd. and "Nissha Group" is a Nissha Co., Ltd. and its group companies.
