Press Release: Schweiter Technologies: Expansion of 3A Composites Display Business

Schweiter Technologies / Schweiter Technologies: Expansion of 3A

Composites Display Business. Processed and transmitted by Nasdaq

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this announcement.

Steinhausen, 20 September, 2018 - Schweiter Technologies is further

strengthening its display business and has entered into an agreement to

acquire the European acrylic sheet business of Lucite International

(Lucite Acrylic Sheet) and the UK distribution company Perspex

Distribution Ltd. (PDL). In the financial year ended 31 March 2018 the

acquired business generated sales of around GBP 126 million. The agreed

enterprise value for the businesses (on a cash free/debt free basis) is

GBP 92 million. The transaction will be completed following approval by

the relevant competition authorities and the carve-out of the production

activities into a new legal entity.

Lucite Acrylic Sheet is one of Europe's leading manufacturers of acrylic

sheet and composites and is based in Darwen, Lancashire, UK. Lucite

Acrylic Sheet manufactures two major categories of acrylic sheets,

Perspex general purpose sheets and Lucite saniware sheets. Perspex

sheets are used by customers in the display, visual communication and

related industries and are sold through a distribution network including

PDL in the UK, and other long established partners in Continental Europe,

Africa and other regions. The Perspex product range is one of the widest

in the industry and the Perspex brand name is one of the leading global

brand names for acrylic sheet products. The Perspex production

facilities, product range and customer relationships will fully

complement the existing 3A Composites acrylic sheet business based on

the Crylon, Akrylon and Crylux product families with production

facilities in Germany, Slovakia and Spain.

The PDL business provides a full distribution service to UK based

customers in the display and communication industries from 5 branches

and offers a range of complementary products in addition to Perspex

acrylic sheets.

3A Composites has successfully established a position in acrylic sheets

for visual communication, interior design, industrial applications and

the sanitary ware industry through the integration of Athlone Extrusions

(2017) and Polycasa (2015). The acquisition of Lucite Acrylic Sheets

will further strengthen the 3A Composites product range. The acquired

business has a total of around 330 employees.

3A Composites anticipates that the incorporation of Lucite Acrylic

Sheets into the dedicated multi product sheet activities of the 3A

Composites division will lead to significant opportunities for further

product development and expansion outside the UK.

For further information please contact:

Martin Klöti, CFO

Tel. +41 41 757 77 00, Fax +41 41 757 70 01, martin.kloeti@schweiter.com

Schweiter Technologies AG, Hinterbergstrasse 20, 6312 Steinhausen,

Switzerland

Telefon +41 41 757 77 00 Fax +41 41 757 70 01 info@schweiter.com

www.schweiter.com

Please find the Media release in the PDF attached:

Media release (PDF): http://hugin.info/100347/R/2216912/866048.pdf

This announcement is distributed by Nasdaq Corporate Solutions on behalf

of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely

responsible for the content, accuracy and originality of the information

contained therein.

Source: Schweiter Technologies via Globenewswire

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Schweiter Technologies

Neugasse 10 Horgen Switzerland

ISIN: CH0010754924;

http://www.schweiter.com

(END) Dow Jones Newswires

September 20, 2018 00:00 ET (04:00 GMT)