Kafrit Industries Ltd. (TASE:KAFR), controlled by Kibbutz Kfar Aza, notified the Tel Aviv Stock Exchange this morning that it had signed an amended memorandum of understanding for the acquisition of a US company that deals in additives to concentrates in the plastics industry for $36 million.
Kafrit will buy the assets of the US company, including its stock and fixed assets, its plant (including land), customers, and intellectual property. Assuming that the deal is completed, Kafrit will enter into a consultancy agreement with the US company’s owners.
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ChinaPlas 2018
The 32nd International Exhibition on Plastics and Rubber Industries
Accompanying the growth of China's plastics and rubber industries for over 30 years, CHINAPLAS has become a distinguished meeting and business platform for these industries and has also largely contributed to their prosperous development. At present, CHINAPLAS is not only the largest plastics and rubber trade fair in Asia, it is also widely recognized by the industry as the 2nd most influential exhibition in the world. Its significance is surpassed only by K Fair in Germany, the world's premier plastics and rubber trade fair.
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