Brief: Bergs Timber Acquires Performance Timber Products Group

Bergs Timber AB (publ)

15/09/2021 08:51

Sept 15 (Reuters) - Bergs Timber AB (publ)  BRGb.ST :
    * HAS ACQUIRED PERFORMANCE TIMBER PRODUCTS GROUP
    * BERGS BUYS 100 % OF PTPG AND SELLER IS GRAPHITE CAPITAL
    * ACQUISITION IS EXPECTED CONTRIBUTE WITH SALES OF ABOUT SEK
250
MILLION PER YEAR AND SHOW EBITDA MARGIN WHICH OVER TIME IS IN
LINE WITH GROUP'S GOALS
    * PURCHASE PRICE ON A DEBT-FREE BASIS AMOUNTS TO
APPROXIMATELY SEK
140 MILLION
    * ACQUISITION IS LARGELY FINANCED BY NEW LOAN WITHIN
FRAMEWORK OF
EXISTING LOAN AGREEMENT WITH DANSKE BANK AND SVENSK EXPORTKREDIT
    * THROUGH ACQUISITION, CO'S REPORTED GOODWILL AND OTHER
INTANGIBLE
FIXED ASSETS WILL INCREASE PRELIMINARILY BY ABOUT SEK 120
MILLION

Source text for Eikon:  ID:nWkr834s32 
Further company coverage:  BRGb.ST 

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