On 8 May 2018 HRH I AS and Miljøplast AS completed their sale of 100 % of the shares in Vestfold Plastindustri AS and Vestfold Plastindustri Eiendom AS to Kingspan Miljø AS
Vestfold Plastindustri AS, Nordic’s leading manufacturer of corrosion-free solutions made of fiberglass-reinforced polyester, tank for septic, oil, grease, chemicals, etc, is acquired by the Ireland-based company Kingspan Group. The transaction comprised also all shares in the company holding the production facilities; Vestfold Plastindustri Eiendom AS.
Vestfold Plastindustri AS will be the Nordic headquarters of the Environmental Division in Kingspan Group, which includes a large range of wastewater treatment plants, oil separators, grease separators, etc.
Kingspan Group is a global market player through 5 different business areas (Insulated Panels, Panels, Light & Air, Environmental, Access Floors). They are represented in over 60 countries, have over 11,000 employees in 100+ different production facilities with a total turnover of over NOK 33 billion.
Aabø-Evensen & Co acted as legal advisor to HRH I AS and Miljøplast AS in connection with the transaction.
For more information please click here (article in Norwegian).