ORAFOL Group has recently acquired Korean company, Reflomax Co. Ltd. as part of its ongoing strategy to further strengthen its Asia-Pacific presence. The strategic acquisition will also enable the implementation of innovative reflective technologies within the ORAFOL Group. Dr Holger Loclair, Chairman & CEO of ORAFOL Group asserted that they have long prioritised strategic partnerships as a cornerstone of the company’s efforts to maintain a leading position in an increasingly dynamic and competitive market. “In this context, we hold the expertise and values of Reflomax in high regard. This new partnership is a significant milestone in our global growth strategy, as the acquisition not only provides access to innovative technologies but also valuable regional market knowledge,” he added.
Daniel Kim, CEO of Reflomax, added that benefits of this partnership are clear and multifaceted, as they are united in vision and purpose. “ORAFOL is not only expanding its global presence but also elevating Reflomax’s capabilities to an entirely new level and this collaboration will enable us to quickly adjust our production capacities to meet the demand for our innovations. Our strong foothold in the Korean market as an expert in reflective solutions thus forms the foundation for shared success,” he added. Incepted in 1989, Reflomax is a leading developer and manufacturer of retroreflective materials and specialty films and is well-renowned for its development of innovative, forward-looking microprismatic reflective film products.
