Borensberg July 26, 2022
Arla Plast has today acquired all shares in Alphaplex GmbH in Germany with net sales of EUR 10.1 million in 2021, corresponding to approximately SEK 102.2 million, and an operating margin of approximately 8.2 percent.
Alphaplex is a service partner within the plastics industry based close to Hannover. In addition to a well consolidated sales organizationAlphaplex also has processing and warehousing. Sales are primarily within Germany. The company was founded in 2016 and has today 11 employees. Alphaplex GmbH is already a strong partner to Arla Plast and the additional sales for the Arla Plast Group are estimated to SEK 60 million. If Alphaplex was consolidated into the Arla Plast Group in 2021, earnings per share before dilution, excluding acquisition costs and IFRS effects, would have increased by approximately SEK 0.25.
The preliminary purchase price amounts to approximately EUR 4.1 million, corresponding to approximately SEK 43.2 million, on a cash and debt free basis, IFRS effects excluded. In addition to this, a conditional earn-out payment of a maximum of EUR 1.3 million based on the next three years EBIT will be paid after the end of the three-year period.
The acquisition is financed through Arla Plast's credit facilities. Acquisition costs are estimated to amount to approximately SEK 1.5 million and will be charged in the third quarter of 2022. Alphaplex GmbH will be consolidated into the Arla Plast Group as of the closing date 1 August 2022 and reported in the new operating segment Germany.
"I am very pleased to announce this acquisition. It is strategic and important acquisition for us. It will strengthen our position in the important German market and it also supports our ambition to increase our footprint in Austria and Switzerland. The centrally located business in Europe includes a consolidated sales organization and warehousing. The acquisition will advance our position in the value chain, strengthen our sustainability ambitions and enable added value to our existing customers", says Christian Krichau, CEO of Arla Plast.
"For Alphaplex GmbH, this is an important and natural step. We know Arla Plast well since they have been an important partner to us for many years. We also regard this deal as an enabler for the company's continued development and expansion", says Volker Wiebusch, owner of Alphaplex GmbH.
For further questions, please contact:
Christian Krichau, CEO, telephone: +46 141 20 38 01
Monica Ljung, CFO, telephone: +46 141 20 38 02
This information is information that Arla Plast AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was published by the above mentioned contact persons on 26 July 2022 at 16:00 CET.