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Schweiter Technologies to Acquire Athlone Extrusions
Jul 06, 2017 (MarketLine Financial Deals Tracker via COMTEX) -- (c) 2001-2016 Marketline. All rights reserved. Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.

Schweiter Technologies AG, a Switzerland-based company engaged in composites and machinery business, has entered into an agreement to acquire Athlone Extrusions, Ltd., an Ireland-based manufacturer of thermoplastic and colored opaque multilayer plastic sheet products, for EUR48 million (USD54.82 million) on a cash and debt free basis. For the year ended 2016, Athlone generated revenues of approximately EUR62 million (USD69.25 million). The transaction is expected to close by the end of July 2017.

Deal Participants

Deal Rationale

The transaction will enable Schweiter Technologies to strengthen its composite business, transport and industry businesses.


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