Brief: XANO To Acquire U.S.-Based Company In Packaging Industry

XANO Industri AB

22/08/2023 08:42

Aug 22 (Reuters) - XABO Industri AB  XANOb.ST :
    * SAID ON MONDAY XANO, THROUGH SUBSIDIARY, HAS SIGNED
AGREEMENT TO
ACQUIRE ALL SHARES IN INTEGRATED PACKAGING SOLUTIONS (IPS) AND
ITS SUBSIDIARY, LOCATED IN DENVER, COLORADO
    * PURCHASE PRICE, WHICH IS PAID IN CASH, AMOUNTS TO USD 21
MLN
    * TRANSACTION, WHICH IS SUBJECT TO CONFIRMATORY DUE
DILIGENCE BY
XANO AND CUSTOMARY CLOSING CONDITIONS, IS EXPECTED TO CLOSE IN
SEPTEMBER 2023

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr9BRTjs
 Further company coverage:  XANOb.ST  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))