Hydratec Industries NV hereby confirms that the share swap with its co-shareholder, private equity company Wadinko NV in Overijssel, has been finalised. As a result of the transfer, which took place today, Hydratec has acquired a 100% interest in Timmerije and Wadinko a 100% interest in Euro Mouldings. In addition to this share swap Hydratec has received an acquisition sum that it has been agreed will not be disclosed.
Timmerije, located in Neede, designs and manufactures injection-moulded plastic products for the industrial sector. Euro Mouldings in Nijverdal manufactures blow-moulded plastic packaging.
Profiel Hydratec Industries NV
Hydratec is an industrial holding company with two core activities:
- Agri & Food Equipment: The design and manufacture of Agri & Food Equipment by Pas Reform Hatchery Technologies in Zeddam and LAN Handling Systems / ABAR Automation in Tilburg and Halfweg.
- Plastics: The design, manufacture and assembly of plastic components and packaging by Timmerije in Neede and Helvoet Rubber & Plastics Technologies with production facilities in the Netherlands (Hellevoetsluis and Tilburg), Belgium (Lommel), Germany (Munich) and India (Pune).