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ONTEX - Ontex NV News Story

€11.85 0.2  1.4%

Last Trade - 3:24pm

Sector
Consumer Defensives
Size
Mid Cap
Market Cap £850.4m
Enterprise Value £1.62bn
Revenue £2.00bn
Position in Universe 230th / 853

BRIEF-Ontex: Plans For US Manufacturing Facility, Acquisition Of Assets

Wed 27th May, 2020 5:08pm
May 27 (Reuters) - Ontex Group NV  ONTEX.BR :
    * ANNOUNCES PLANS FOR ITS FIRST U.S. MANUFACTURING FACILITY
AND
THE ACQUISITION OF U.S. FEMININE HYGIENE ASSETS
    * NEW FACILITY IS SCHEDULED FOR FIRST PRODUCTION IN MID-2021
    * NEW PLANT AND PRODUCTION CAPACITY ACQUISITION IN NORTH
CAROLINA
DEMONSTRATE ONTEX' COMMITMENT TO FURTHER DEVELOP NORTH AMERICAN
BUSINESS
    * ONTEX ALSO ANNOUNCED THAT IT HAS ENTERED INTO AN AGREEMENT
WITH
ALBAAD MASSUOT YITZHAK LTD. (TASE: ALBA) TO ACQUIRE THEIR
FEMININE HYGIENE PRODUCTION ASSETS IN ROCKINGHAM COUNTY
    * ACQUISITION OF ASSETS FROM ALBAAD EXPECTED TO OCCUR IN
JULY
FOLLOWING REMAINING DUE DILIGENCE AND REGULATORY APPROVALS

Source text for Eikon:  ID:nBw9L3VfJa 
Further company coverage:  ONTEX.BR  ALBA.TA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))
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