The Board of Directors of CPH Chemie + Papier Holding AG intends to split the company into two focused companies: the globally active, growth-oriented CPH Group AG, with its Chemistry and Packaging divisions, and Perlen Industrieholding AG, which brings together the more volatile paper business and real estate located at the headquarters in Perlen in the canton of Lucerne.
According to a press release, the aim is for both companies to be able to pursue their strategies independently in future. While CPH Group AG will continue to be listed on the SIX Swiss Exchange, shares in Perlen Industrieholding AG will be tradable over-the-counter via an appropriate platform.
The company explains that the operating business of the individual divisions will not be affected by this restructuring and the market presence will remain unchanged. The businesses will continue to operate under the established brand names of Zeochem (Chemistry), Perlen Packaging (Packaging) and Perlen Papier AG (Paper).
At the same time, complementary industrial activities will be established at the logistically well-developed industrial site in Perlen. CPH is operating “from a position of strength, having achieved the second-best result in the company's history in 2023”, says Peter Schaub, Chairman of CHP's Board of Directors. The anchor family shareholders support this transaction and remain invested in both companies. An extraordinary general meeting will be held on June 20, 2024 to vote on the planned separation. If shareholders give their approval, the transaction is scheduled to be completed in the second quarter of 2024.
