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LERG acquired a majority share in WeButex

LERG S.A. (LERG) has acquired a total of 76 per cent of WeButex Kunststoffbearbeitung GmbH (WeButex), one of the best-known processors of thermoset laminates. The German company will become a part of the chemical-industry LERG Group. Joining forces will enhance the opportunity for further dynamic growth of the companies and their position in national and international markets.

WeButex, founded in 2008, is a thriving company. It currently employs more than 120 people. The head office is located in Roding, Germany, about 170 km from Munich. The company, which originated as a start-up fifteen years ago, has proven itself as an international leader in the processing of thermoset laminates. The purchase of WeButex, will be accompanied by an expansion of its Roding location, the acquisition of 20.000 sq. m of adjacent industrial land and an expansion of its production capacity for advanced laminate processing. WeButex sells its products in both Europe and Asia.

Marian Kwiecień, LERG’s CEO and majority shareholder, commented on the transaction: “The purchase of WeButex is another LERG acquisition in recent years and is a part of LERG’s long-term strategy to integrate the resin business within the Group. By acquiring WeButex, we are not only expanding our portfolio, including the selection and processing of laminates, we are also combining our business goals, vision and values, expanding our team of associates, gathering experience and know-how. The synergies resulting from the merger with the Group’s existing activities will undoubtedly add value for our current and future customers in Poland and worldwide.”

The transaction was partly financed by an acquisition loan provided to LERG by Pekao S.A. LERG was advised by a team of advisors – Pekao Investment Banking as a transaction advisor and SSW Pragmatic Solutions as legal advisors. LERG was also advised on German law by the law firm GÖRG (Cologne).12