Blue Cap AG acquires majority shareholding in the Hero Group, expanding its Plastics Technology segment; outlook for the 2021 financial year

29 January 2021 – 20:33
Publication of inside information in accordance with Art. 17 (1) of the Market Abuse Regulation (EU) 596/2014

Munich, 29 January 2021 Today, Blue Cap AG entered into an agreement to acquire 71% of the shares in Hero GmbH (hereinafter referred to as “Hero”) in return for payment of an amount running into the low double-digit millions. The acquisition of Hero’s shares is subject to the approval of the German Federal Cartel Office and is set to be complete late February/early March.

Hero and its subsidiaries (hereafter “Hero Group”) develop and manufacture high-quality plastic parts and assemblies for vehicle interiors and the household appliance industry. The Hero Group generates annual revenue of around EUR 40 million with more than 200 employees at four locations in the federal state of Baden-Württemberg. Phillip Bentzinger, CEO of Hero, will continue to manage the company as managing director in partnership with the existing team.

The Hero Group will complement Blue Cap AG’s portfolio in the Plastics Technology segment (Uniplast Knauer GmbH & Co. KG and con-pearl GmbH). Due to the acquisition of Hero’s shares, the Management Board of Blue Cap AG anticipates revenue of approximately EUR 260 million and an adjusted EBITDA margin of around 8% for the 2021 financial year, subject to possible effects of the coronavirus pandemic and other acquisitions and disposals of shareholdings.

Hello, my name is Lisa Marie Schraml

Investor Relations & Corporate Communications


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