Brief: Ringmetall Acquires Rhein-Plast And Expands Product Portfolio In Inliner Sector

Ringmetall SE

20/01/2022 15:57

Jan 20 (Reuters) - RINGMETALL SE  HP3An.DE :
    * INCREASES VERTICAL RANGE OF PRODUCTION WITH ACQUISITION OF
RHEIN-PLAST AND EXPANDS PRODUCT PORTFOLIO IN THE INLINER SECTOR
    * ACQUISITION OF RHEIN-PLAST GMBH AS PART OF AN ASSET DEAL
    * ACQUISITION OFFERS GREATER VERTICAL INTEGRATION, EXPANSION
OF
PRODUCT PORTFOLIO AND EVEN MORE DIRECT CUSTOMER ACCESS TO
PHARMACEUTICAL INDUSTRY
    * CONSOLIDATION OF RHEIN-PLAST INTO RINGMETALL GROUP IS
PLANNED
FOR 1 FEBRUARY 2022
    * FOR CURRENT FISCAL YEAR, MANAGEMENT BOARD EXPECTS A
REVENUE
CONTRIBUTION OF EUR 12 MILLION WITH A BALANCED EARNINGS
CONTRIBUTION AT EBITDA LEVEL
    * PURCHASE PRICE IN SINGLE-DIGIT MILLION EURO RANGE WILL BE
FINANCED FROM COMPANY'S CASH POSITION AS WELL AS FREE CREDIT
LINES

Source text for Eikon:  ID:nEQbkwxS7a 
Further company coverage:  HP3An.DE 

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