The company changed into a private limited company, its name
and role changed, and Sæplast Canada sold
Sæplast hf. has be
changed from a public limited company into a private limited company as there
is only one shareholder in the company, Atorka Group h.f., at the same time its
name is being changed into Bolar Holding ehf. For the last few years the
company has acted as a holding company and its mission statement has been
changed accordingly, and is now, “The company’s mission is diverse ownership of
shares in companies as well as other activities authorised by law.”
The trademark “Sæplast”
is owned by Promens hf. and will continued to be used in the sale and marketing
of double-walled insulated tubs for the food industry. Companies that
manufacture the tubs will retain the Sæplast name.
Bolar Holding Company
ehf. has sold Sæplast Canada Inc. to Promens hf. The selling price was based on
an assessment made by financial consultants at PriceWaterhouseCoopers. After
the sale, the Bolar Holding ehf. owns two subsidiaries: Sæplast Ålesund AS and
Sæplast Norge AS.
For further information,
contact Geir A. Gunnlaugsson, tel: +354 892 8040.