Airopack Technology Group takes action to end joint venture with Resilux
 ATG, through its new strategic partnership, remains committed to unlocking the
growth potential of Airopack through further investments
 Further steps in procedure to end joint venture with Resilux
 Ending the Airolux joint venture will allow ATG to reach its next level of growth by
increasing production and enhancing its organizational footprint
 ATG looks forward to expanding the use of its revolutionary and worldwide
patented Airopack technology to serve leading fast-moving consumer goods
companies
Baar, 29th March 2016 – Airopack Technology Group AG (“ATG”) today announces that it has taken further steps
to terminate its Airolux AG (“Airolux”) joint venture with Resilux NV (“Resilux”) and regain the exclusive use of
ATG’s Airopack technology. These steps are necessary since parties did not reach an agreement following the
issuance of a Deadlock Notice as announced on 7th January 2016. ATG is the inventor and exclusive owner of the
globally patented Airopack technology, which offers a revolutionary all-plastic pressurized dispenser used by
leading global brands.
ATG will terminate its joint venture with Resilux in order to unlock the unique growth potential of innovative
Airopack technology. Under the terms of the joint venture agreement, ATG has offered to acquire Resilux’s 50%
stake in Airolux for a cash consideration of €18.9 million. Resilux’s outstanding shareholder loans and financial
debts to Airolux of around €37million will have to be repaid as required by the relevant agreements. Resilux will
not be entitled to any long-term supply agreement with ATG for PET preforms and container parts, which ATG
would look to source from alternative suppliers at market competitive rates.
Resilux has until 25th April 2016 to either unconditionally commit to selling its shares in Airolux to ATG, or to
acquire ATG’s shares in Airolux under the same terms as proposed by ATG. In the event that Resilux would opt to
acquire ATG’s shares in Airolux, a 100% Resilux-owned Airolux would not have access to ATG’s patented Airopack
technology. ATG has terminated the license agreement with Airolux and would independently commercialize the
product to continue meeting robust customer demand.
ATG currently has 158 global patents and serves some of the world’s largest fast-moving consumer goods
companies. Termination of the joint venture will allow ATG to reach the next level of growth by expanding
production of its technology, improving time to market, reducing costs, and enhancing its organizational
footprint. In conjunction, ATG has developed a new website (www.airopack.com) to showcase its unique
patented technology and meet strongly increased customer inquiries.
ATG remains committed to the process with its new strategic partner, funds managed by affiliates of Apollo
Global Management, LLC (NYSE:APO) (together with its consolidated subsidiaries, “Apollo”), and its legal and
financial advisors.
Further announcements will be made if and when appropriate.
About Airopack Technology Group (ATG)
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®
technology offers a safe, all-plastic pressurized dispenser that is environmentally and planet friendly
Airopack Technology Group operates under 100% own control a Full-Service Filling operation in Heist op ten Berg
Belgium, an Global Research and Development Team and the Airopack Global Management and Customer Service
Organisation in Waalwijk, The Netherlands .
Airopack Technology Group operates a Airopack Ready to Fill manufacturing facility in Glarus Nord, Switzerland
with Resilux Schweiz AG. Airopack Technology Group plans to start and operate two new Airopack Ready to Fill
Manufacturing sites, being in North America and on a second location in Europe, in the course of 2016. With
deliveries to the world’s largest and leading consumer brands, Airopack Technology Group reached a key
milestone in 2015 with respect to commercial market entry.
For more information:
Investors:
Airopack Technology Group AG
Quint Kelders, CEO / Frans van der Vorst, CFO
Zugerstrasse 76b
CH-6340 Baar
TF: +31 416 300 800
E-Mail: [email protected]
[email protected]
www.airopackgroup.com
Media:
Hill + Knowlton Strategies
Frans van der Grint
T: +31 (0) 20 404 4707 / M: + 31 (0) 6 29044053
E-Mail: [email protected]
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