PETpla.net Insider 07+08 / 2016

NEWS 7 Polymetrix seeks strategic buyer The shareholders of Polymetrix plan to sell their shares in Polymetrix and combine the company with a strategic buyer who would be able to contribute significant synergies and support Polymetrix’s development into the next growth phase, expanding its technology and service portfolio and securing sustainable business advantages. Following the spin-off from the Swiss-based Bühler Group and rebranding as Polymetrix AG in 2015, the company is ideally positioned for growth in connection with the blossom- ing packaging and speciality plastics market. Polymetrix will also focus on supplying technologies and integrated plants for recycling of post-consumer plastics. Outlining their decision, the shareholders of Polymetrix, the Swiss-based financial investor Cross Equity and Bühler Hold- ing AG, stated that they have jointly decided to sell all shares in Polymetrix to an international industrial partner. Under new ownership, Polymetrix would then be able to fully exploit its values and competencies, and to benefit from a dedicated strategically oriented business environment. The shareholders are com- mitted to selling Polymetrix to an industrial owner with a strong financial back-ground and a leading international position in the relevant market segments. Financial investors have been specifically dis- suaded from bidding. Qualified investors with an interest in the acquisition of Polymetrix are therefore requested to submit their rationale and strategic fit within their business portfolio along with their bidding inquiry. In 2016, Polymetrix expects to achieve a turnover of approxi- mately CHF55 million at sustainable double digit EBITDA mar- gins. Polymetrix employs an international engineering workforce of more than 70 specialists. www.polymetrix.com PET planet insider Vol. 17