WILLOWBROOK, Ill.-Loparex Grouphas announced that it has acquired the Douglas-Hanson Company of Hammond, Wis. Douglas-Hanson, established in 1973, manufactures silicone-coated release papers and films, and extrudes polycoated papers for the packaging industry. The Douglas-Hanson facility will operate under the name Loparex Inc. whose headquarters are in Willowbrook, Ill.
According to Penti Kallio, President and CEO of Loparex Group, “As a result of this acquisition, two successful release liner companies with distinct capabilities and expertise will blend together to become an even stronger supplier in the manufacture and delivery of release liner products. This merger will enable Loparex to more effectively meet the continuing challenges of providing its customers with quality release liner products and services.”
In the third quarter of 2005, Loparex Group was acquired by ABN AMRO Capital. At that time, Johan Bjurstrom, Managing Partner for the Nordic operation of ABN AMRO Capital, stated that ABN AMRO was attracted by the strong capabilities and global presence of the Loparex Group, and was prepared to support the Company in its continuing growth and development. The announcement of the acquisition of the Douglas-Hanson Company is evidence of ABN AMRO Capital’s continued commitment to strengthening Loparex’ position and accelerating growth of both revenue and earnings.