Athlone Extrusions Ltd has been acquired by Schweiter Technologies AG

Athlone Extrusions Investment Management Ltd has sold Athlone Extrusions Ltd to Schweiter Technologies AG.

Athlone Extrusions is a privately owned, independent thermoplastic sheet extruder and compounder located in the town of Athlone, with sales offices in Ireland, England and the Netherlands and exports to over 40 countries worldwide. Since its foundation in 197, the company has had an impressive growth record. This has been achieved through continuous investment in the production facility to expand capacity and improve efficiency through technical innovation. Athlone Extrusions is a major supplier to many industry sectors, including building, sanitary ware, automotive, screen-printing, packaging, white goods, electronics and point of sale and display.

Schweiter Technologies is a global group of companies developing, manufacturing and commecializing composite panels and core material for sandwich constructions. Headquartered in Horgen, Switzerland, Schweiter Technologies had a workforce of over 4,350 employees worldwide in 2016. The bearer shares in the company (SWTQ) are listed on the SIX Swiss Exchange in Zurich.

Athlone Extrusions Investment Management is headquartered in Ireland. The company's line of business includes investing in commodity contracts, tax liens, venture capital companies and other miscellaneous investing.

Oaklins' team in Ireland advised the seller in this transaction.