HLE Glascoat Limited — JV/Acquisition, 14-08-2025: Acquisition

HLE Glascoat, through its German subsidiary HLE Surface Technologies, is acquiring specific assets of Omeras GmbH and 100% of Omerastore GmbH for €2.75 million cash. Despite Omeras facing insolvency proceedings, this strategic acquisition expands HLE's core glass-lining expertise into new infrastructure, architectural panels, and storage tank markets. It provides immediate entry into high-growth European segments, diversifies products, and leverages a strong German manufacturing footprint. This move offers HLE significant cross-selling potential and global market opportunities, reducing reliance on cyclical process industry demand.