Polimoon acquires the Dekoplast Business in France

13-Jun-2007

Polimoon has acquired the business of Dekoplast in France. Dekoplast is a company producing packaging for cosmetics and medical use with annual sales in excess of 17 million Euro. The company has a strong customer base within beauty products. However, the company has suffered from poor profitability for some time after changing its strategy some years ago. This led to the company being put under administration end of 2006.

Polimoon has made a commitment to retain manufacturing located at one of the two sites, La Roche sur Foron and transfer existing business in Senlis to La Roche sur Foron. Parallel to this a program to improve layout and standards and strengthen the product range in beauty packaging will be implemented in La Roche sur Foron. Polimoon envisages growing the business going forward and have gained the commitment from the main customers of Dekoplast.

The acquisition is effective from 11 June 2007.

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