Legal Proceedings Report • Mar 22, 2011
Legal Proceedings Report
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ADELASTICA IONISTOCK COMPANNECREROOL CTION CE PARTSANDACCESSORES ECRMOTOR VEHICLESANDEROOL CTSEROMELASTICMASSES 7 DIE PHONE: EXCHANGE - 021/206-444 • SALE - 021/206-494, 021/206-503, 021/206-504, 021/206-625,
PURCHASING - 021/206-689, 021/206-685 • PLAN AND DISPATCH - 021/206-754 • FAX: 021/206-625, 021/206-625,
ROIZVODA IZ PLASTIČNIH MASA
MANAGEMENT BOARD
Solin, 22 March, 2011
The company AD Plastik, d.d. (hereinafter: ADP) submitted an offer to the Commercial Court in Nanterre, France, through the bankruptcy estate manager for the purpose of purchasing the assets of the French company Sealynx Automotive Transieres SAS (hereinafter: Sealynx, France), over which the mentioned court initiated the bankruptcy proceedings by the end of 2010.
The assets of the company Sealynx, France, to which this offer refers, comprise the real estate (land and structures in Transieres), movable assets (equipment, machines and tools), intangible assets (patents, trade marks, know how, etc.), financial assets (100% of shares in a Romanian company), as well as inventories.
By purchasing the assets of the company Sealynx, France, among which, the shares of the Romanian company, as mentioned above, the company ADP purchases the Romanian company, named Sealynx Automotive, Romania (hereinafter: Sealynx, Romania). Also, by purchasing the assets of the mentioned company, ADP undertakes to establish a new company in Transieres (hereinafter: New Sealynx), with taking over a part of the workers of the company Sealynx, France.
The activity of the company Sealynx, France, as well as the company Sealynx, Romania, is production of sealing systems for automotive industry.
In accordance with the presented, if the Commercial Court in Nanterre would accept the offer of the company ADP, the ADP Group would get two new members: New Sealynx, France, and the existing company Sealynx, Romania.
As a part of the production program of ADP is production of static seals, by taking over the complementary program of Sealynx, ADP would become a global developing supplier of sealing systems, in which way it would considerably expand its product range, and, even more, the volume of its products.
Ivica Tolić,
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