In the latest round of industry consolidation, Aslan, a leading manufacturer of self-adhesive films for sign making and digital printing, has been acquired by competitor Poli-Tape Group, with the deal due to take effect in a couple of weeks. The Aslan brand, distributed on the local market by suppliers including Starleaton and Graphic Art Mart, will continue.
|(l-r) Sven Möhren, CEO of Poli-Tape Group with Aslan CEO Oliver Schwarz|
“At the end of October/start of November 2019, Aslan, Schwarz GmbH & Co. KG, based in Overath [Germany}, will be acquired by the Poli-Tape Group of Remagen [Germany],” said a media statement.
Aslan is a leading developer, manufacturer and marketer of specialised self-adhesive films for use in the market sectors of sign making, digital printing, stencil films, graphic designs for interiors and films for book protection.
Poli-Tape is a manufacturer of self-adhesive films in the sectors of textile transfer films, digital printing media, sign making vinyls, laminating films and pressure-sensitive adhesive tapes.
“Aslan has a history of nearly 70 years, and is an internationally expanding and innovative company that produces niche products of consistently high-quality - Made in Germany,” said Poly-Tape in its announcement. “This acquisition by Poli-Tape will secure the long-term future of this growing and successful enterprise.
“The ASLAN brand will continue. The Overath-Untereschbach site will be maintained, all employees will be retained and the enduring high-quality personal service that customers have always known will be upheld. Existing business relationships, responsibilities, brand name - nothing will change for the market or for the Aslan customers. The name of the new company will be Aslan Selbstklebefolien GmbH.”
|Poli-Tape Group headquarters in Remagen, Germany|
Aslan CEO Oliver Schwarz welcomed the deal: “Poli Tape is the ideal partner for Aslan, and for our philosophy. I am pleased to have settled the succession plan for the company at an early stage, and to know that the course is now set for continued success in the future. I personally will continue to support the company with advice and assistance.”
Sven Möhren, CEO of Poli-Tape Group said: “We are delighted to have found in Aslan, with its strong brand and high-quality products, an excellent addition to the Group. The companies will continue to operate independently, but their connection as one group will make them even stronger for meeting the needs of the market.”