The company's purpose is to hold participations in the field of industrial production and trade in industrial products for the internationally active L&P Group in Switzerland; it can also acquire intellectual property rights and conduct financial transactions of all kinds. The company is authorized to open branches in Switzerland and abroad and to participate in companies of the same and related industries in Switzerland and abroad. It is permitted to carry out all business that may arise within the scope of its activities. It can acquire, manage and sell real estate. The company can provide direct or indirect financing to its direct or indirect subsidiaries as well as its direct or indirect shareholders and their direct or indirect subsidiaries, and provide security of all kinds for liabilities of such other companies, including by way of pledges on or fiduciary transfers of the company's assets or guarantees of any kind, whether paid or unpaid.
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