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Thursday, 19 September 2019
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Markets & companies, Coatings market

RIH is majority shareholder of the coatings company Helios

Friday, 4 April 2014

After the closing, RIH expands to employ 3,600 staff and generate a joint turnover of about EUR 530 million. At 24 sites, about 100,000 tons of liquid and powder coatings are produced annually as well as 140,000 tons of resins and almost 110,000 tons of decorative coatings, and 30,000 tons of steel are processed.

The Helios group with headquarters in Slovenia (Domžale near Ljubljana) is one of the 15 largest coatings producers in Europe. Source: "Ring" International Holding AG
The Helios group with headquarters in Slovenia (Domžale near Ljubljana) is one of the 15 largest coatings producers in Europe. Source: "Ring&q...

The Austrian "Ring" International Holding AG (RIH) is the new majority shareholder of Helios Domžale, d.d. Thus, the young industry group managed to acquire the first company from a long list of planned privatizations in Slovenia. With a total turnover of about EUR 450 million, a joint production capacity of almost 100,000 tons of liquid and powder coatings, and altogether 15 production sites, the "Ring" International Holding AG (RIH) is among the top 10 European coatings producers.

The Helios group with headquarters in Slovenia (Domžale near Ljubljana) is one of the 15 largest coatings producers in Europe and has now a new majority shareholder: the Austrian Remho Beteiligungs GmbH, the parent company of the entire Coating Division of "Ring" International Holding AG (RIH). This step marks the completion of the sales process after 2.5 years. With the closing, 77.93 % of the shares in the Slovenian coatings company were transferred to the industry group; the members of the "selling consortium” received EUR 106 million (EUR 520 per share). Almost simultaneously, the public takeover bid for the remaining shares will be published and the bidding documents will be submitted to the authorities so that the takeover bid can be published as soon as possible and to protect minority shareholders.

RIH expands its role on an international level

Against the general trend on the coatings market, the companies of the RIH group did very well and will close the first quarter 2014 with a considerable increase in profits. Carried along by the extremely good performance of RIH, also the Helios group will end the first quarter with long-awaited record results after a disappointing year 2013. After the closing, RIH expands to employ 3,600 staff and generate a joint turnover of about EUR 530 million. At 24 sites, about 100,000 tons of liquid and powder coatings are produced annually as well as 140,000 tons of resins and almost 110,000 tons of decorative coatings, and 30,000 tons of steel are processed. Thus the group is among the largest European coatings producers and also plays an important role on an international level.

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