RESILUX
Quva completes acquisition of PET preform manufacturer
 PET preforms and bottles made from them form the core of Resilux's product portfolio (Photo: Resilux) |
As planned, Belgian investment company Quva (Kortrijk; www.quva.com) has taken over the Dirk de Cuyper family’s block of shares in compatriot PET bottle and preform manufacturer Resilux (Wetteren; www.resilux.com – see Plasteurope.com of 22.12.2021). Quvadec, an acquisition entity set up for the purchase, now holds 57.51% of the total of 2 mn shares and plans to pay around EUR 270 mn in the deal.
With this stake, Quva, the investment vehicle of Belgian entrepreneur Pascal Vanhalst, has exceeded the threshold under Belgian law for making a mandatory offer for the remaining Resilux shares. According to the Belgian financial supervisory authority FSMA, such a squeeze-out offer is planned but has not yet been made to the remaining shareholders.
Since mid-2021, Quva’s portfolio has also included Abriso Jiffy (Anzegem, Belgium; www.abrisojiffy.com), a manufacturer of extruded PE foams, bubble films, and XPS sheets.
With this stake, Quva, the investment vehicle of Belgian entrepreneur Pascal Vanhalst, has exceeded the threshold under Belgian law for making a mandatory offer for the remaining Resilux shares. According to the Belgian financial supervisory authority FSMA, such a squeeze-out offer is planned but has not yet been made to the remaining shareholders.
Since mid-2021, Quva’s portfolio has also included Abriso Jiffy (Anzegem, Belgium; www.abrisojiffy.com), a manufacturer of extruded PE foams, bubble films, and XPS sheets.
22.02.2022 Plasteurope.com [249722-0]
Published on 22.02.2022
German version of this article...