Acquisition of RICO Group by Semperit Successfully Completed
RICO Group is pleased to announce that the acquisition by Semperit has been successfully completed.
After all approvals were obtained, the closing took place on 31 July 2023. RICO Group generated
revenue of approximately EUR 90 million in the financial year 2022 and employs more than 500 people
in Austria, Switzerland, and the USA.
“The acquisition of RICO is another important step in implementing our growth strategy with a focus
on global leadership, innovation and technology. Semperit thus achieves technology leadership in
liquid silicone and high-end mould production and strengthens its industrial core business. This
goes along with servicing high-growth sectors such as health care and industrial household
applications. The acquisition is value-enhancing and also increases our presence in the North
American market”, says Semperit CEO Karl Haider.
RICO Group’s growth strategy, which includes expanding production at the Austrian site in Thalheim
near Wels as well as expansions in the USA and Switzerland, will remain unchanged. According to
international studies, the market for silicone products in Western Europe and the USA will grow
significantly until 2027. The market volume currently (2023) amounts to around 8 billion US
dollars.
About Semperit
The publicly listed company Semperit AG Holding is an internationally oriented group that develops
and produces polymer products for the industrial and medical sectors, selling them in over 100
countries around the world: hydraulic and industrial hoses, conveyor belts, escalator handrails,
construction profiles, cable car rings, products for railway superstructures, and examination and
surgical gloves. Founded in 1824, this long-standing Austrian company has its headquarters in
Vienna, Austria. The Semperit Group employs around 6,500 people worldwide in its continuing and
discontinued operations, including some 3,100 in Asia and approximately 900 in Austria (Vienna and
production site Wimpassing, Lower Austria). The Group has 16 manufacturing facilities worldwide and
numerous sales offices in Europe, Asia, Australia, and America. In the 2022 financial year, the
Group generated revenue of EUR 779.8 million and an EBITDA of EUR 100.5 million in continuing
operations.