KAP AG's flexible films segment gets reinforcement

Fulda/Nordkirchen, 17. February 2021 – The flexible films division of KAP AG ("KAP") is expanding its range of services for customer-specific coating solutions with the majority takeover of AerO Coated Fabrics B.V. ("AerO") by CaPlast Kunststoffverarbeitungs GmbH ("CaPlast"). AerO is a highly specialized manufacturer of thermoplastic composite materials based in Tilburg, Netherlands.

The closing of the corresponding agreement was announced today by KAP, a listed, medium-sized industrial group. The shareholding amounts to just under 80% and is to be successively increased to 100%. CaPlast, a specialist for high-performance coatings based in Nordkirchen, is now one of six companies that bundle and complement their “savoir-faire” in the extrusion of thermoplastics in the flexible films segment of thermoplastics in the flexible films segment.

AerO has state-of-the-art production facilities and an innovative product range in the field of pipe liners for trenchless pipe rehabilitation CIPP), textile partition walls, geomembranes and special flooring. The high level of expertise and many years of experience of the management, as well as the excellently trained employees, have enabled the company to successfully occupy highly attractive niche markets in a very short time. AerO generates a highly profitable single-digit million turnover and has continuously grown disproportionately in recent years. In organizational terms, the Dutch company is linked to CaPlast Kunststoffverarbeitungs GmbH.

Frederik Schaefer, Head of flexible films segment and Managing Director of CaPlast GmbH: “We are delighted with this successful acquisition and are looking forward to working with our new colleagues. AerO and in particular its team are a perfect fit for our customers and KAP flexible films in general. This acquisition will enable us to expand our leading market position in attractive niche markets further and also tap into new niche markets with joint sales and development work. Joint developments in the field of thermoplastic elastomer (TPO) tarpaulins for instance, are already showing initial successes and make us very confident about the future.”



Rinus Aerts - Co-Founder and Managing Director from AerO Coated Fabrics

Rinus Aerts, Managing Partner of AerO Coated Fabrics: “This is the right path for our company to take. The expertise of CaPlast and KAP flexible films will support and accelerate our strong growth and our mutual trust will ensure the transformation process is smooth and uncomplicated. The countless synergies that arise from the merger, particularly in the fields of procurement as well as development and sales, make CaPlast and KAP flexible films the ideal partner for our customers and my team and me.”

With the acquisition of AerO, the KAP Group underlines its high level of expertise in the field of extrusion coatings in the flexible films segment and successfully implements its transformation strategy. This targeted add-on acquisition will strengthen KAP AG’s leading position in attractive niche markets with very promising prospects.

Contact:
CaPlast Kunststoffverarbeitungs GmbH
Frederik Schaefer
E: info@caplast.de
T: +49 2599 913 0

About KAP AG

Rob Van der Horst - Managing Director from AerO Coated Fabrics

KAP AG is a listed industrial group in the upper midsize market that offers attractive growth opportunities in its respective niche markets. KAP AG focuses on five different segments: engineered products, flexible films, surface technologies, precision components and it/services. Through targeted acquisitions, the company strengthens its existing business segments or exploits new market opportunities. KAP allows its shareholders to participate in its long-term profitable growth through an earnings-oriented dividend. The group currently has 29 locations and around 2,700 employees in 12 countries. The shares of KAP AG are listed on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006208408).

About CaPlast Kunststoffverarbeitungs GmbH
CaPlast has specialised in various high-grade substrate coatings since 1967. Being a part of the KAP AG and the leading company of KAP flexible films segment, CaPlast has strong financial assets as well as market-based and application related expertise which is well known around the world.

Environmentally-friendly production techniques and the latest in finishings allow us to process customer specific parameters without compromising quality. The highly developed manufacturing technology and specific expertise in terms of the wide ranging product applications add up to make CaPlast a specialist for bespoke products in the field of coatings. The core activities range from a broad product line for the construction sector and medical applications to niche products for automobiles.