Semperit AG Holding: Semperit already secured a 57,1% stake in Malaysian Latexx Partners
The success of the takeover is still subject to the conditions of obtaining the approvals of antitrust authorities in Austria and Germany and the regulatory approvals of the Securities Commission Malaysia.
Based on the above Semperit is confident that it will be able to acquire the majority of Latexx Partners once the mentioned conditions are fulfilled.
About Latexx Partners
Latexx Partners is the world's sixth largest and one of the leading medical gloves producers in Malaysia. The company owns six manufacturing plants. Latexx Partners distributes its gloves to 80 countries, serving more than 300 customers. Latexx Partners employs more than 2,000 people. In the 2011 fiscal year the company generated revenue of MYR 441 million (EUR 104 million) and an EBIT of MYR 66 million (EUR 16 million).
Semperit AG Holding
The publicly listed company Semperit AG Holding is an internationally oriented corporate group, which develops, produces and markets highly specialised products made of rubber and plastics (examination and surgical gloves, hydraulic and industrial hoses, conveyor belts, escalator handrails, building construction profiles, cable car rings and railway superstructure products) in the Medical and Industrial Business Sectors. The headquarters of this traditional Austrian company whose roots date back to 1824 are located in Vienna, whereas the global R&D centre is in Wimpassing, Lower Austria. Semperit employs a workforce of about 8,100 people worldwide, of whom more than 5,600 work in Asia and more than 700 work in Austria. The Group encompasses 21 production facilities as well as numerous sales offices in Europe, Asia and the Americas. In the 2011 fiscal year the Group generated revenue of EUR 820 million and an EBIT of EUR 83 million.