LOPAREX TO ACQUIRE 100% OWNERSHIP OF INDIA JOINT VENTURE Press Release: Loparex to Acquire 100% Ownership of India Joint Venture
Effective August 1, 2015, Loparex Group will assume 100% ownership of the India joint venture company, Kaygee-Loparex India Private Ltd.
Mike Apperson, Loparex CEO comments, “We are delighted to add the world class manufacturing capabilities of Kaygee-Loparex to the global Loparex family. In addition to the assets, we also welcome an incredibly talented and dedicated group of employees to our Loparex team, which will synergize our ability to bring additional value, not only to our local India-based customers, but also to our customers throughout the world”.
Apperson adds, “The addition of Loparex-India compliments our unique and continuing investment strategy and our long term commitment to serving the diverse needs of our global customers”.
Established as a joint venture in 2001, Kaygee-Loparex is India’s largest release liner manufacturer. The state-of-the-art facility, located in Silvassa (near Mumbai), produces a wide array of custom-engineered silicone coated papers and films which support the diverse release liner needs of key industries including Medical, Tapes, Hygiene, Labels, Security, Composites and other industrial markets.
In-house product development, combined with IMS Certification (ISO 9001:2008, ISO14001:2004 and OHSAS 18001:2007), practiced GMP, and robust quality management methodology ensure the highest standards of quality, efficiency, regulatory and EHS compliance.
Loparex, the leading global supplier of release liners, also has manufacturing, product development and commercial operations in the US, Europe, China and Thailand.