# Blue Cap AG acquires friedola TECH GmbH

Blue Cap AG has signed a contract to acquire 100% of friedola TECH GmbH, a specialist in lightweight products made from recyclable plastic, for a low double-digit million euro amount. The transaction is expected to close in August 2019.

- Type: Acquisition
- Announced: 2019-08-29
- Where: Geismar, Thuringia, Germany
- Jobs: 300
- Status: announced
- Products: lightweight products from recyclable plastic
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Blue Cap AG](https://endata.com/companies/32610.md) (acquirer)
- [friedola TECH GmbH](https://endata.com/companies/41703.md) (target)

## Sources

- [blue-cap.de](https://www.blue-cap.de/blue-cap-ag-uebernimmt-den-kunststoffspezialisten-friedola-tech-gmbh/), 2019-08-29: "Die Blue Cap AG hat heute einen Kaufvertrag über den Erwerb der friedola TECH GmbH, einen Spezialisten für Leichtbauprodukte aus recycelbarem Kunststoff geschlossen."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.