Arez announced that it has reached agreement with ResInvest to invest significant capital in Arez to expedite the growth of its resin business. ResInvest is part of the HCS group, based in Königstein, Germany.
"This agreement will enable Arez to continue its aggressive growth providing customers with leading quality and service in ink resins and the development of a strong position in adhesive resins", John O'Mahoney, CEO of Arez, said.
HCS Holdings was founded by Dr. Helmut Schmidt and Constantin Schmidt, both previously with Gebr.Schmidt Druckfarben GmbH, later Flint-Schmidt GmbH & Co KG. Arez is a company founded by Mr. O'Mahoney, incorporated in Ireland with its main production capability in Gaoyao City, Guangdong Province, China. Arez manufactures specialty polymers for the ink and adhesives industries. Dr. Helmut Schmidt as non executive chairman and Constantin Schmidt as non executive vice chairman will join the board of directors of Arez.