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Dutch precision moulder Helvoet Holding announced acquisition of Rosti Nederland

November 25/2011

(PlastEurope) -- Dutch precision moulder Helvoet Holding (Hellevoetsluis) announced the acquisition of Rosti Nederland (Tilburg/The Netherlands), part of Swedens Rosti (Malmo) group. The Dutch group says the purchase, the price of which was not disclosed, would help strengthen its position in the medical devices and packaging as well as beverage systems markets. Pending the approval of the relevant competition authorities, the deal is expected to receive the official go-ahead in December 2011.

The acquisition of Rosti Nederland strengthens the position of Helvoet in the markets for medical devices and packaging and beverage systems. It also contributes significantly to a healthy distribution of our activities in our key markets for automotive and industrial applications, said Helvoet CEO Peter Rijkoort. Once the acquisition has been approved, Rosti Nederland will be renamed Helvoet (Tilburg), with earnings expected to be accretive immediately.

Founded in 1939, Helvoet specialises in custom-made, high-precision plastic and rubber components for the automotive, industrial and medical packaging sectors. The groups 550 employees last generated sales of EUR 65m. Helvoet owns facilities in Hellevoetsluis / The Netherlands, Lommel / Belgium, Pune / India and also operates sales departments in Detroit / USA and Singapore.

Rosti Nederland is an injection moulder and contract manufacturer specialised in the food, beverage, industrial, medical and pharmaceutical markets. Its 65 employees last generated sales of EUR 15m.

Perspectives of development of the polymers markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit is organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.

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