DGAP-News
Nanogate Acquires Jay Plastics, Its First US Subsidiary, Expects Growth Leap and Establishes Itself as a Global Provider
DGAP-News: NANOGATE AG / Key word(s): Investment
Nanogate Acquires Jay Plastics, Its First US Subsidiary, Expects Growth Leap
and Establishes Itself as a Global Provider
05.12.2016 / 15:25
The issuer is solely responsible for the content of this announcement.
Nanogate Acquires Jay Plastics, Its First US Subsidiary, Expects Growth Leap
and Establishes Itself as a Global Provider
05.12.2016 / 15:25
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
Nanogate Acquires Jay Plastics, Its First US Subsidiary, Expects Growth
Leap and Establishes Itself as a Global Provider
Strong market position of Jay Plastics in the US, based on high-tech
plastics and metallization solutions - Nanogate expects significant sales
growth to more than EUR 150 million - Accessible market potential in
billions - Excellent alignment of know-how, product portfolios and global
customers
Göttelborn, Germany, December 5, 2016. Nanogate AG, a leading international
systems provider for high-tech surfaces and components, is acquiring a
company in the US for the first time, thereby becoming an outstanding
global provider. The Group has today agreed to acquire Jay Industries'
plastics division, Jay Plastics, which is one of the leading US providers
in this segment with a reputation for high-end components and performance
surfaces. Nanogate expects to strengthen its earnings power by 2017
already, based on the two companies' planned synergies and possible new
product projects. Once the transaction has been completed, the Nanogate
Group expects an immediate jump in sales to more than EUR 150 million as
well as direct access to an international market worth billions.
With the successful company, Nanogate is establishing itself as a leading
global specialist for design-oriented high-tech surfaces and components of
very high optical quality. As leading providers in their existing markets,
both companies have many years of experience in the areas of materials,
process and component engineering. Together with Jay Plastics, Nanogate can
globally service companies while at the same time achieving significant
synergies in development, sales and production. The planned transfer of
technology further boosts Nanogate's sales potential in the US, especially
in the area of design surfaces. The transaction also improves Nanogate's
market access to Asian manufacturers. Nanogate addresses a market with an
accessible volume in billions.
Group EBITDA Should Increase Significantly in 2017
Jay Plastics expects to achieve sales for 2016 in the mid double-digit
million range as well as a valuable EBITDA. The Group already expects to
PRESS RELEASE
Nanogate Acquires Jay Plastics, Its First US Subsidiary, Expects Growth
Leap and Establishes Itself as a Global Provider
Strong market position of Jay Plastics in the US, based on high-tech
plastics and metallization solutions - Nanogate expects significant sales
growth to more than EUR 150 million - Accessible market potential in
billions - Excellent alignment of know-how, product portfolios and global
customers
Göttelborn, Germany, December 5, 2016. Nanogate AG, a leading international
systems provider for high-tech surfaces and components, is acquiring a
company in the US for the first time, thereby becoming an outstanding
global provider. The Group has today agreed to acquire Jay Industries'
plastics division, Jay Plastics, which is one of the leading US providers
in this segment with a reputation for high-end components and performance
surfaces. Nanogate expects to strengthen its earnings power by 2017
already, based on the two companies' planned synergies and possible new
product projects. Once the transaction has been completed, the Nanogate
Group expects an immediate jump in sales to more than EUR 150 million as
well as direct access to an international market worth billions.
With the successful company, Nanogate is establishing itself as a leading
global specialist for design-oriented high-tech surfaces and components of
very high optical quality. As leading providers in their existing markets,
both companies have many years of experience in the areas of materials,
process and component engineering. Together with Jay Plastics, Nanogate can
globally service companies while at the same time achieving significant
synergies in development, sales and production. The planned transfer of
technology further boosts Nanogate's sales potential in the US, especially
in the area of design surfaces. The transaction also improves Nanogate's
market access to Asian manufacturers. Nanogate addresses a market with an
accessible volume in billions.
Group EBITDA Should Increase Significantly in 2017
Jay Plastics expects to achieve sales for 2016 in the mid double-digit
million range as well as a valuable EBITDA. The Group already expects to
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