DGAP-Adhoc: Airopack Technology Group AG secures funding to double its manufacturing capacity

Airopack Technology Group AG secures funding to double its manufacturing capacity

^

EQS Group-Ad-hoc: Airopack Technology Group AG / Schlagwort(e): Finanzierung

Airopack Technology Group AG secures funding to double its manufacturing

capacity

21.06.2017 / 18:25 CET/CEST

Veröffentlichung einer Ad-hoc-Mitteilung gemäss Art. 53 KR

---------------------------------------------------------------------------

Ad-hoc release / Press Release

Airopack Technology Group secures funding to double its manufacturing

capacity

Upscaling to 200 million environmental friendly dispensers annually

Baar, 21 June 2017 - Airopack Technology Group AG ("ATG"), manufacturer of

environmental friendly dispensers, is pleased to announce that it has

secured funding to begin doubling its manufacturing capacity to 200 million

pieces of Airopack annually. The upscaling process will start by the end of

2017. With this investment ATG is confirming its ability to bring

sustainable packaging innovations to the market at competitive costs,

becoming the new standard in planet friendly packaging solutions.

In December 2016 ATG opened its new state-of-the-art plant in Waalwijk, the

Netherlands, with an initial annual capacity of 80 million pieces of

Airopack. Airopack is a safe, all-plastic pressurized dispenser that is

environmentally and planet friendly. It was developed by ATG, which holds

its patent and is worldwide the sole producer of this unique dispenser. All

assets in the Waalwijk plant are installed and fully operational according

to plan, achieving an Acceptance Quality Limit (AQL) level of 0.065 for

critical defects, the highest quality standard in the packaging industry.

Doubling manufacturing capacity

Due to continued strong customer demand, ATG is now commencing expansion of

its manufacturing capacity at the Waalwijk plant. An increase of installed

capacity to 100 million pieces annually is targeted by end 2017, with a

further modular expansion of installed capacity to 200 million pieces

annually over the course of 2018. The modular layout of the current plant

provides for straightforward upscaling of capacity with minimal business

disruption.

Funding secured

ATG will fund its business plan with a combination of (i) a capital increase

with expected net proceeds of approximately EUR 11.7 million, (ii) an

additional EUR 10 million debt facility provided by funds managed by

affiliates of Apollo Global Management, LLC (the "Apollo Funds"), and (iii)

asset-based financing, including lease and factoring provided by Rabobank

and KBC respectively.

Capital increase

A private placement of 1,228,955 registered shares in ATG with a nominal

value of CHF 5.00 per share has been fully subscribed by investors at an

issue price of CHF 10.65 each. Apollo Funds will participate in the private

placement pro rata for their current shareholding. New shares will be issued

from the authorized capital and will be entitled to dividends from the

financial year 2017 onwards. Completion of the private placement and listing

of the new shares in accordance with the Swiss Reporting Standard of SIX

Swiss Exchange is expected in the first half of July 2017.

For more information:

For media:

Hill + Knowlton Strategies

Frans van der Grint

T: 31 (0) 20 404 4707

E-Mail: frans.vandergrint@hkstrategies.com

For investors:

Airopack Technology Group AG

Quint Kelders, CEO / Liebwin van Lil, CFO

Zugerstrasse 76b

CH-6340 Baar

TF: +31 416 300 800

E-Mail: quint.kelders@airopackgroup.com

E-Mail: liebwin.vanlil@airopackgroup.com

www.airopackgroup.com

Airopack Technology Group AG is a leading developer and supplier of

mechanical and pressure-controlled dispensing packaging technologies

and systems for manufacturers and suppliers of cosmetics, body care,

pharmaceutical and food products. The revolutionary and worldwide and

solely by ATG patented Airopack(R) technology offers a safe,

all-plastic pressurized dispenser that is environmentally and planet

friendly.

Airopack Technology Group operates a Airopack Ready to Fill

manufacturing facility in Waalwijk, The Netherlands and a Full-Service

Filling operation in Heist-op-den-Berg Belgium. The Global Research

and Development Team and the Airopack Global Management as well as the

Customer Service Organisation are also based in Waalwijk, The

Netherlands.

The shares of the company are listed on the Swiss Reporting Standard

of the SIX Swiss Exchange since 2010. (Ticker: AIRN / ISIN:

CH0242606942).

www.airopackgroup.com

---------------------------------------------------------------------------

Ende der Ad-hoc-Mitteilung

---------------------------------------------------------------------------

Sprache: Deutsch

Unternehmen: Airopack Technology Group AG

Zugerstrasse 76b

6340 Baar

Schweiz

Telefon: +41 417663500

Fax: +41 417663509

E-Mail: liebwin.vanlil@airopackgroup.com

Internet: www.airopackgroup.com

ISIN: CH0242606942

Börsen: SIX Swiss Exchange

Ende der Mitteilung EQS Group News-Service

---------------------------------------------------------------------------

585149 21.06.2017 CET/CEST

°