Brief: Nolato Acquires Ja-Bar Silicone Corporation

Nolato AB

16/09/2019 07:25

Sept 16 (Reuters) - Nolato AB  NOLAb.ST :
    * NOLATO ACQUIRES US-BASED EMC COMPANY
    * SIGNED AN AGREEMENT TO ACQUIRE US-BASED JA-BAR SILICONE
CORPORATION
    * TRANSACTION IS EXPECTED TO BE COMPLETED IN NOVEMBER, WHEN
COMPANY WILL ALSO BE CONSOLIDATED INTO GROUP
    * ACQUISITION IS EXPECTED TO HAVE A MARGINAL POSITIVE EFFECT
ON
NOLATO'S EARNINGS PER SHARE FOR CURRENT YEAR
    * PURCHASE PRICE IS APPROXIMATELY SEK 95 MILLION (DEBT-FREE
BASIS)
AND ACQUISITION WILL BE FUNDED BY USING EXISTING CREDIT
AGREEMENTS
    * JA-BAR IS ESTIMATED TO GENERATE SALES EQUIVALENT TO AROUND
SEK
150 MILLION IN 2019 WITH GOOD PROFITABILITY

Source text for Eikon:  ID:nWkr4pjNjP 
Further company coverage:  NOLAb.ST 

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