March 15, 2017
Semperit and Sri Trang Finalize Termination of Almost All Joint Venture Activities
Contact: Marketing
Sempermed USA, Inc.
Phone 800-366-9545
Fax 800-763-5491
Clearwater, FL, March 15, 2017: Sempermed, one of the world's leading manufacturers and suppliers of hand protection, announce that the Austrian Semperit Group (“Semperit”) and the Thai Sri Trang-Agro Industry Public Co Ltd Group (“Sri Trang”) have finalized the termination of almost all joint business activities, which was agreed to on 18 January 2017. All terms and conditions defined at that time have been fully met (“closing”).

Semperit has now taken over several Sempermed joint venture companies. The agreement provides for a takeover of the joint distribution company in the USA (Sempermed USA), as well as the majority interest in the Malaysian Formtech company (producer of ceramic molds for glove production), and production companies of the Industrial Sector in China. Sri Trang has taken over the glove production of Siam Sempermed Corporation Ltd (SSC) in Thailand, which had been operated jointly to date. The joint venture, Semperflex Asia (SAC) which produces hydraulic hoses, will be continued in Thailand.

Semperit received a one-time compensation payment amounting to USD 167.5 million (around EUR 157 million) before taxes, as well as a dividend payment of around USD 51 million (around EUR 48 million) before taxes, from the former joint venture Siam Sempermed (SSC). The cash inflow for Semperit totals around USD 200 million (around EUR 187 million) before taxes. Finally, all pending arbitration and civil proceedings between the Semperit Group, the Sri Trang Group, and SSC were settled by mutual consent.

Semperit-CEO Thomas Fahnemann: “We can now fully concentrate on continuing our own successful path. In the Industrial Sector, we will proceed on our growth course according to schedule by further globalizing our business and expanding our capacities. In the Medical Sector, we are now fully in charge of our own house. With a strong brand, high- quality products and first-class sales organization we have an excellent base for further expanding Sempermed’s market position in our core markets, Europe and the USA. The cash inflow gives us additional power for this strategy. Our financial strength now enables us to push ahead our growth investments even better.”

Sempermed: Strong Brand and Modern Production
Even after the separation, Semperit will remain one of the top ten players in the global market for examination and protective gloves with the Sempermed segment. Sempermed is a global leader in the glove market and has excellent market penetration through its dense distribution network in Europe and North America. Access to the market will be strengthened by the full alignment of the sales company Sempermed USA.

On the manufacturing and production side, Semperit operates factories in Austria (for surgical gloves), as well as in Malaysia, which is the world’s largest glove producing country. Capacities in Malaysia have recently been expanded with the construction of one of the most modern and efficient production facilities in the glove industry.

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Sempermed is a globally integrated manufacturer that provides focused sales, marketing, and logistical support to those in need of hand protection. For more information on Sempermed or our products, contact us at Sempermed USA, Inc., 13900 49th Street North, Clearwater FL 33762, call 800-366-9545, or visit us at our website