Tuesday 30 June 2020, 18:00
Hydratec Industries completes exchange of shares and now fully owns Rollepaal
Hydratec Industries hereby confirms the exchange of shares, whereby Hydratec Industries exchanges its 75% interest in Stork Plastics Machinery BV for 25% of the shares in Rollepaal Holding BV. As a result, Hydratec Industries will fully own Rollepaal. This transaction was announced on 17 June 2020 and went into effect today. The intent is for the Brink Group to subsequently acquire a 75% interest in Stork to supplement its current activities.
Rollepaal (Dedemsvaart) designs and produces extrusion systems for the production of plastic pipes. Stork Plastics Machinery (Hengelo) produces plastic injection moulding machines for the plastics industry. Brink Group (Harskamp) develops and produces injection moulds and roboticized take-out systems for injection moulding machines.
Mr Bart Aangenendt, CEO of Hydratec:
“Focus is very important during these corona times. This is why I am pleased that in effective consultation with Wadinko we have been able to complete these combined transactions. Rollepaal perfectly dovetails with Hydratec Industries’ future plans and Stork logically supplements the activities of the Brink Group.”
Hydratec Industries NV Profile
Hydratec is a listed, globally operating specialist in industrial systems and components and has two core activities:
- Food & Industrial Systems: Design and production of systems by:
- Royal Pas Reform Hatchery Technologies in Zeddam (NL)
- Lan Handling Technologies in Tilburg (NL) and Halfweg (NL)
- Stork Plastics Machinery in Hengelo (NL)
- Rollepaal Holding in Dedemsvaart (NL)
- Plastic Components: Design, production and assembly of plastic components by:
- Timmerije in Neede (NL)
- Helvoet Rubber & Plastics Technologies with production facilities in Hellevoetsluis (NL), Tilburg (NL), Lommel (BE), München (DE), Pune (IN), Kaniow (PL) and Wroclaw (PL)
Hydratec Industries is listed on Euronext Amsterdam NV (ISIN NL0009391242, ticker: HYDRA).