Haogenplast News
3 articles
Growth-Positive
KAP SUCCESSFULLY CLOSES ACQUISITION OF VINYL SPECIALIST HAOGENPLAST | Corporate - EQS News
KAP AG, a mid-sized industrial holding company, has successfully acquired 100% of the shares in plastics specialist Haogenplast Ltd. The sellers are the central Israel-based Kibbutz HaOgen (60 percent) and the Tel Aviv-based private equity investor Lahav Fund (40 percent). The purchase price for Haogenplast came to approximately ILS 150 million (about EUR 43 million). With this acquisition, KAP AG is expanding its product range and customer base, and tapping into new sales potential.
Acquisition
growth-positive
Haogenplast, Pixiu Launch Joint Venture - DWM Magazine
Haogenplast Ltd. and Pixiu Solutions Inc. are launching a joint venture to distribute vinyl products in North America. The joint venture combines the manufacturing capabilities of Haogenplast and the distribution and market knowledge of Pixiu. The product lines for the joint venture will include lamination foils for doors and windows. Haogenplast has been producing thermoplastic membranes and decorative films for 65 years, while Pixiu Solutions has been selling and recycling vinyl for 15 years.
Partners
growth-positive
BIRD to invest $5.1m in Israel-US cleantech projects
The US Department of Energy and Israels Ministry of National Infrastructure, Energy and Water Resources have selected six projects to receive $5.1 million under the 2015 Binational Industrial Research and Development (BIRD) Energy program. The selected projects address energy challenges and opportunities of interest to both countries, while focusing on commercializing clean energy technologies. This is the seventh round of funding for BIRD Energy, which has approved 28 projects with a total investment of about $22 million. The approved projects include solar energy, energy efficiency-smart grid, and wind energy.
Partners
