Brief: Ringmetall Buys Further Clamping Ring Manufacturer In The US

Ringmetall SE

07/01/2020 09:09

Jan 7 (Reuters) - RINGMETALL AG  HP3G.DE :
    * ACQUIRES FURTHER CLAMPING RING MANUFACTURER IN THE USA
    * ADDITIONAL SALES CONTRIBUTION OF AROUND USD 6 MILLION
    * EBITDA MARGIN WITH CONSIDERABLE POTENTIAL FOR INCREASE
THROUGH
SYNERGIES AND EFFICIENCY MEASURES
    * TRANSACTION COSTS TOTAL AROUND EUR 50 THOUSAND AND WILL
STILL BE
RECOGNIZED IN INCOME STATEMENT OF 2019
    * ACQUISITION IS BEING FINANCED FROM GROUP'S CASH AND CASH
EQUIVALENTS

Source text for Eikon:  ID:nEQjNnhNa 
Further company coverage:  HP3G.DE 

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