Loparex Group acquires Douglas-Hanson
Loparex Group, a manufacturer of release coated papers and films, has acquired the Douglas-Hanson Company of Hammond, WI, USA. 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 is in Willowbrook, IL, USA.
“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,” says Penti Kallio, president and CEO of Loparex Group.
In 2005, Loparex Group was acquired by ABN AMRO Capital. “The acquisition of Douglas-Hanson is evidence of ABN AMRO Capital’s continued commitment to strengthening Loparex’s position and accelerating growth of both revenue and earnings,” says Johan Bjurstrom, managing partner for the Nordic operation of ABN AMRO Capital.