Semperit Acquires RICO Group

Semperit Acquires RICO Group Semperit AG Holding announced that it has reached an agreement with the owners of Upper Austrian RICO Group GmbH on the acquisition of the Group. RICO Group’s portfolio ranges from the production of injection moulds to consulting in component development and series production of customized components. RICO Group focuses on the processing of elastomers, particularly liquid silicone and solid silicone; the components are produced in single-, two- or multi-component injection moulding. The financing of the transaction is secured by the liquidity status of the Semperit Group and by newly negotiated, available bank financing. The transaction's execution, which is anticipated for the third quarter of 2023, is pending regulatory approval. Source