Business
Parx Materials N : GCP Technology AS Acquires Majority Stake in Parx Materials NV.
Parx Materials N : GCP Technology AS Acquires Majority Stake in Parx Materials
About this update from Parx Materials Nv
GCP Technology AS Acquires Majority Stake in Parx Materials NV. Jul 29 Written By Parx Materials PRESS RELEASE Rotterdam, The Netherlands, 29 July 2024 - Parx Materials NV (Euronext Access: NL0012650535), a pioneer in antimicrobial and antifouling technology, today announced that the majority of its shares have been acquired by GCP Technology AS, a Norwegian company, supported by a consortium of Norwegian investors. This strategic acquisition aims to further implement and expand the groundbreaking technology developed by Parx Materials. Founded in 2012 by Mr. M. van der Jagt and Mr. M. Fiori, Parx Materials NV has been at the forefront of developing and marketing innovative antimicrobial solutions. The founders, who together held the majority of the shares, have transferred their stakes to GCP Technology AS. Mr. Van der Jagt and Mr. Fiori will continue to be actively involved in the company for at least the coming year to ensure a smooth transition. As of today, GCP Technology AS holds 5,939,335 shares of the total 10,422,760 shares, representing nearly 57% of Parx Materials' share capital. "We are excited to join forces with GCP Technology AS and the consortium of Norwegian investors," said Mr. van der Jagt. "This acquisition marks a significant milestone for Parx Materials and provides us with the resources and support needed to advance our technology on a larger scale." "We look forward to the collaboration and are confident that our combined efforts will lead to significant advancements in the mass-scale production and further development of our technology," added Mr. K. Wiik, Chairman of GCP Technology AS. Parx Materials NV remains committed to its mission of developing innovative solutions to enhance material performance and sustainability. With the support of GCP Technology AS, the company is well-positioned to accelerate its growth and continue delivering value to its shareholders and customers. For further information, please contact Stein Eitrheim, [email protected], +47 917 05 878. About Parx Materials NV Parx Materials NV is an awarded company with its sustainable antimicrobial and antifouling technology. Founded in 2012, the company has pioneered solutions that enhance the performance and longevity of materials across various industries. About GCP Technology AS GCP Technology AS is a Norwegian company focused on advancing innovative technologies. Supported by a consortium of Norwegian investors, the company aims to implement and expand groundbreaking solutions in various sectors with a strong focus on aquaculture applications. Forward-Looking Statements This press release contains forward-looking statements. These statements are based on the current expectations and beliefs of Parx Materials NV's management and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Parx Materials