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To
all customers
Loparex
Group Sale Completed
It¡¯s official!
The sale of Loparex Group to ABN
AMRO Capital has been completed,
effective today.
The sale has
been structured as a management
buy out so that you will continue
to work with and know the management
team that already understands
your business. Joining the team
as Loparex Group President &
Chief Executive Officer is Pentti
Kallio. Mr. Kallio will be based
in Apeldoorn, The Netherlands
where the Group Head Office will
be located. The on-going team
consists of Paul van Pinxteren,
Chief Financial Officer for Loparex
Group; Jack Taylor, President,
and Jim Miksta, Senior Vice-President,
Loparex Inc, located in Willowbrook,
Illinois, USA; Raimo Pitk?nen,
Managing Director, Loparex Limited,
Glossop, UK; and Andie Ho, Managing
Director, Loparex Asia Pacific,
based in Hong Kong. Heikki Kotala
will become Managing Director
of Loparex Oy, located in Lohja,
Finland, effective September 1,
and Jan Hilbrink will succeed
him as Managing Director, Loparex
BV, based in Apeldoorn.
All Loparex units are part of
this sale so the supply arrangements
that have been servicing your
operations will not change. Long-term
supply agreements have been transacted
so base papers previously supplied
internally will continue to be
available.
Although our
ownership has changed, the values
and principles you have come to
expect from Loparex ¡that is,
responding to your needs for quality
release liners delivered on-time
and at a competitive price¡ remain
unchanged. Our commitment to you
as a valued customer is to continue
to do ¡°business as usual¡± with
your same Loparex contacts. The
Loparex team that has been working
to support your business will
continue to do so.
Johan Bjurstrom,
Executive Director of ABN AMRO
Capital stated that ¡°when looking
to acquire Loparex we were particularly
attracted by the company¡¯s strong
market position, global presence
and track record of growth. The
company¡¯s ability to deliver focused
R&D and support its customers
globally will be key success factors
in Loparex¡¯ path forward. ABN
AMRO is looking forward to supporting
Loparex with capital, international
networks and its experience from
numerous industry sectors¡±. ABN
AMRO Capital will hold a controlling
stake in Loparex with the operative
management holding 8% of the share
capital.
You can continue
to rely on Loparex as your trusted
supplier of quality release liners.
Please call with any questions
you have regarding this announcement.
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