Helvetica Capital AG
Sale of ILAG Group
Helvetica Capital AG and its affiliated entrepreneur investors have sold ILAG Group (ILAG), a specialist company for the production of non-stick coatings based in Wangen (Switzerland), to listed Showa Denko K.K. (SDK) from Japan. The transaction was completed in July 2019.
The investors of ILAG together with Helvetica Capital AG, as well as the ILAG Board of Directors and the management team have decided to sell the group to SDK. SDK is a strategic buyer, with the goal of becoming a leading player in the coatings market. Under the new ownership ILAG will join GMM Group (GMM), a US company previously acquired, that is highly complementary to ILAG. It is envisaged that ILAG is to play an important role as a global center of competence and development and to further advance the activities in Europe, Asia, and the USA. All employees and production sites of ILAG were taken over by SDK.