EQS-Ad hoc: Airopack Technology Group AG

EQS-Adhoc: Airopack Technology Group reaches an agreement with Resilux to take full ownership of Airolux

EQS Group-Ad-hoc: Airopack Technology Group AG / Key word(s): Agreement Airopack Technology Group reaches an agreement with Resilux to take full ownership of Airolux

26.04.2016 / 07:20 Release of an ad hoc announcement pursuant to Art. 53 KR. The issuer is solely responsible for the content of this announcement.

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Airopack Technology Group reaches an agreement with Resilux to take full ownership of Airolux

- ATG to acquire Resilux's 50% stake in Airolux joint venture

- Full control of Airolux allows 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

- ATG and Resilux to enter into a Global Preferred Supply Agreement of PET preforms

- ATG will commence preparation for a share capital increase to implement its strategic partnership with Apollo

Baar, 26th April 2016 - Airopack Technology Group AG ("ATG" or the "Group") is pleased to announce it has reached an agreement regarding the acquisition of 50% of the Airolux AG ("Airolux") joint venture currently owned by Resilux NV ("Resilux"). The acquisition will allow ATG to fully utilise ATG's Airopack technology and unlock its growth potential, reduce cost price, enhance time to market and improve the organizational footprint.

ATG will pay a cash consideration of EUR25 million to acquire Resilux's 50% stake in Airolux. ATG will also repay Resilux's outstanding shareholder loans and financial debts to Airolux of around EUR37 million. Furthermore, ATG will enter into a Global Preferred Supply Agreement with Resilux under which Resilux will have the first right to supply PET preforms to ATG.

Full ownership of Airolux was a key condition to complete the transaction announced in December in which ATG entered into in a strategic partnership with funds managed by affiliates of Apollo Global Management, LLC (NYSE:APO) (together with its consolidated subsidiaries, "Apollo"). ATG will now commence preparation for a general meeting of its shareholders in respect of the requisite approvals for the equity investment from Apollo and the share capital increase.

Commenting on the announcement, Quint Kelders, CEO of ATG, said: "We are extremely pleased to be reaching an agreement with Resilux after months of intense negotiations. This agreement allows us to accelerate on our strategy to become a key supplier to fast-moving consumer good companies. Together with funds managed by Apollo we can further revolutionize the packaging industry by making dispensers cleaner, safer and cheaper."

ATG have retained Greenhill & Co. and OXEYE Advisors as financial advisers in respect of this transaction, and have also been advised by Citadel International, as well as bureau Brandeis and Heron Legal in respect of Dutch law, Froriep in respect of Swiss law, and Bryan Cave in respect of English law.

Further announcements will be made when appropriate.

For more information: Investors: Media: Airopack Technology Group AG Hill + Knowlton Strategies Quint Kelders, CEO / Frans van der Vorst, CFO Frans van der Grint Zugerstrasse 76b T: +31 (0) 20 404 4707 / M: + 31 (0) 6 29044053 CH-6340 Baar E-Mail: frans.vandergrint@hkstrategies.com TF: +31 416 300 800 E-Mail: quint.kelders@airopackgroup.com frans.vandervorst@airopackgroup.com www.airopackgroup.com



Airopack Technology Group AG is a leading provider of innovative mechanical and pressure-controlled dispensing packaging technologies and systems. Its customers include worldwide manufacturers and suppliers of cosmetics, body care, pharmaceutical and food products.

The revolutionary and worldwide patented Airopack(R) technology offers a safe, all-plastic pressurized dispenser that is environmentally and planet friendly. With deliveries to the world's leading consumer brands, Airopack Technology Group reached a key milestone in 2015 with respect to commercial market entry when its technology was embraced by one of the world's leading consumer brands.

Airopack Technology Group, listed at the SIX Swiss exchange, is based in Waalwijk, The Netherlands, home to its Global Management, Research & Development and Customer Service functions. In addition, it runs a Full Service Filling operation in Heist-op-den-Berg, Belgium, and a Ready to Fill manufacturing facility in Glarus Nord, Switzerland. Airopack Technology Group plans to start and operate two new Airopack Ready to Fill Manufacturing sites; one in North America and another one in the Netherlands, in the course of 2016.

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





End of ad hoc announcement

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26.04.2016 News transmitted by EQS Schweiz AG. www.eqs.com - news archive: http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.

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Language: English Company: Airopack Technology Group AG Zugerstrasse 76b 6340 Baar Switzerland Phone: +41 417663500 Fax: +41 417663509 E-mail: frans.vandervorst@airopackgroup.com Internet: www.airopackgroup.com ISIN: CH0242606942 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; Open Market in Frankfurt ; SIX End of News EQS Group News Service ---------------------------------------------------------------------------

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