Frankenthal -- After approval by the German Anti-Trust Commission, the RKW Group has taken-over 100 % of the Belgian company, Hyplast NV. In the future, the company will operate under the name RKW Hyplast NV. The acquisition will have a very positive strategic impact on RKW’s Agricultural Films and Nets business and will create a lot of synergies between both companies.
The Belgian film producer will be a part of RKW Agri GmbH & Co. KG which is a 100 % subsidiary of the RKW Group and in which RKW has concentrated its agricultural business. Included in the purchase is the recycling company KPR as well as an office in Chester, South Carolina / USA which takes care of the marketing and sales of products for the North American market.
Both companies look forward to working together and are convinced that in the future, this cooperation will serve customers even better.
“This acquisition creates a leading contender in the European plastic agricultural business. We look forward to a highly successful future” says Paul Leenders, CEO of Hyplast. The Belgian plastics manufacturer produces a wide range of silage films and tubes, early harvest and greenhouse films as well as some construction films. “Due to the perfect fit, we expect high synergies and we will significantly strengthen our strategic position” says Roland Roth, CEO of RKW Group.
RKW’s aim is to generate new market potential with innovative products and to further expand the business globally.
At its locations in Michelstadt und Philippsthal, RKW Agri produces agricultural films, round bale net solutions and plastic films for the water and civil engineering sectors.
The RKW Group is one of the leading international manufacturers of high-quality plastic films and nonwovens. The company develops and produces film and nonwoven solutions for various applications at 20 locations around the world. These include product and service solutions for the Hygiene and Medical fields as well as the packaging industry (Industrial and Consumer Packaging), Technical Films for the converting industry and products for the agricultural and construction industries.
The RKW Group has been setting standards in terms of quality, innovation, and service for almost 60 years, from which our local and global customers benefit. The independent, family-owned company employs more than 3,000 people and generated sales of EUR 860 million in 2013.
The Belgian plastics manufacturer Hyplast produces a wide range of high quality polyethylene films for horticulture and landscape gardening including silo films and tubes, early-harvest films and UV-resistant greenhouse films. In addition, the product portfolio includes films for industrial converting as well as films for the construction industry. In 2013, Hyplast generated sales of approximately EUR 74 million with about 135 employees.