Brief: Ringmetall Strengthens Inliner Product Area Through Further Acquisition In Germany

Ringmetall SE

15/06/2023 06:06

June 15 (Reuters) - Ringmetall Se  HP3An.DE :
    * EQS-NEWS: RINGMETALL STRENGTHENS INLINER PRODUCT AREA
THROUGH
FURTHER ACQUISITION IN GERMANY
    * SAYS EFFECTIVE 1 JUNE 2023, RINGMETALL GROUP WILL ACQUIRE
LINER
FACTORY GMBH & CO. KG BASED IN AHAUS, GERMANY
    * RINGMETALL - PURCHASE PRICE AMOUNTS TO A MID-SINGLE-DIGIT
MILLION EURO AMOUNT AND WILL BE PAID ENTIRELY FROM COMPANY'S
EXISTING CASH AND CASH EQUIVALENTS
    * RINGMETALL - EXPECTED ANNUALIZED REVENUE GROWTH FROM
ACQUISITION
AMOUNTS TO AROUND EUR 6 MILLION; EBITDA MARGIN THAT IS STILL
SLIGHTLY BELOW AVERAGE

Source text for Eikon:  ID:nEQ7HsFm3a 
Further company coverage:  HP3An.DE 

 ((Reuters.Briefs@thomsonreuters.com;))