Schweiter Technologies is further strengthening its display business with 3A Composites and has entered into an agreement to acquire the Polycasa Group, a leading manufacturer of transparent plastic sheeting, from the Aventas Group. In 2014 Polycasa generated sales of circa. EUR 180 million. The agreed enterprise value for the Polycasa Group (on a cash free/debt free basis) is EUR 120 million. The transaction will be completed following approval by the relevant competition authorities.
Polycasa (www.polycasa.com) is one of the largest manufacturer of transparent plastic sheeting in Europe. The materials are widely used in the fields of advertising, communication and industry. Polycasa offers a wide range of plastic sheet products with different structures, coatings, thicknesses and degrees of translucence and uses a number of different materials ranging from acrylic through polycarbonate and polyester to styrenics. Polycasa has five production sites in Europe that meet the highest quality standards and which, together with its unique logistics concept, offer customers the widest possible range and maximum availability. The company has a workforce of around 500.
In acquiring Polycasa, Schweiter is strengthening the display business of the 3A Composites division, following the successful integration of Foamalite. The transparent materials produced by Polycasa will ideally supplement the existing product range of various hard and light foam materials plus aluminium sandwich panels. In many areas, Polycasa uses similar technologies to those used by 3A Composites. Joint innovation efforts will generate potential for growth and open up new business areas. This means that the company can continue to expand its market position both in its existing business through 3A Composites and in the new areas via Polycasa. Thanks to its focus on quality and customers, Polycasa is an excellent complement to the display business.
The deal is subject to regulatory approval which may take up to twelve weeks, and in the meantime Polycasa remains part of the Aventas Group.