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 |
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