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SAEP
Sæplast - Change of Name and Role   7.2.2006 09:32:04
Flokkur: Fyrirtækjafréttir      Íslenska  English
The company changed into a private limited company, its name and role changed, and Sæplast Canada sold

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.

 

 


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