Brief: Schweiter Says Signed Agreement To Acquire Foam board Business Of Newell Brands

Schweiter Technologies AG

01/09/2020 05:37

Sept 1 (Reuters) - Schweiter Technologies AG  SWTQ.S :
    * EXPANSION OF 3A COMPOSITES US DISPLAY BUSINESS
    * SCHWEITER TECHNOLOGIES AG - SIGNED AND CLOSED AN AGREEMENT
TO
ACQUIRE FOAM BOARD BUSINESS OF NEWELL BRANDS INC
    * SCHWEITER TECHNOLOGIES AG - PURCHASE PRICE IS IN MIDDLE
SINGLE-DIGIT MLN USD RANGE
    * SCHWEITER TECHNOLOGIES AG - BUSINESS IS CURRENTLY
DEPRESSED BY
COVID-19 AND WILL UNDERGO SOME RESTRUCTURING

Source text for Eikon:  ID:nGNE16jwz7 
Further company coverage:  SWTQ.S 

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