Brief: Indutrade Acquires Manufacturer Of Customer Specific Engineered Foam Solutions

Indutrade AB

27/10/2022 12:39

Oct 27 (Reuters) - Indutrade AB  INDT.ST :
    * INDUTRADE ACQUIRES LEADING DANISH MANUFACTURER OF CUSTOMER
SPECIFIC ENGINEERED FOAM SOLUTIONS
    * HAS SIGNED AN AGREEMENT TO ACQUIRE ALL SHARES IN DANISH
COMPANY
BRAMMING PLAST-INDUSTRI A/S
    * ACQUISITION IS CONDITIONAL UPON APPROVAL BY DANISH
COMPETITION
AUTHORITY, AND CLOSING IS EXPECTED TO BE FINALISED DURING Q4
2022
    * BPI WILL BE INCLUDED IN INDUTRADE'S BUSINESS AREA FLUIDS &
MECHANICAL SOLUTIONS
    * ACQUISITION IS INDUTRADE'S 13(TH) IN 2022 AND IS EXPECTED
TO
HAVE A MARGINALLY POSITIVE IMPACT ON INDUTRADE'S EARNINGS PER
SHARE
    * BRAMMING PLAST-INDUSTRI A/S WITH ANNUAL SALES OF
APPROXIMATELY
DKK 340 MILLION (SEK 500 MILLION)

Source text for Eikon:  ID:nWkrbTNV8f 
Further company coverage:  INDT.ST 
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