PlasticsEdge™ Lead Generation Program: Call 978-342-9000 for details or email [email protected]

Plastics-Industry-Business-Today-Essentra-Extrusion-Sold-To-Inter-Primo-EUR16-Million.jpg

LONDON (Alliance News) – Essentra PLC on Tuesday said is has divested its Extrusion business to Inter Primo AS in a deal which values Extrusion at EUR16.2 million free of cash and debt.

The consideration is subject to adjustments for working capital and net debt and has been settled in cash. Proceeds from the Extrusion sale will be used to strengthen components manufacturer and distributor Essentra’s balance sheet.

Essentra Extrusion supplies plastic extrusions – where plastic is melted and formed into the desired shape using a piece of equipment called an extruder – and is part of Essentra’s Specialist Components division. In 2018, Extrusion’s operating profit was GBP1.2 million.

See the ‘Source Link’ for the full article

0 Comments

Submit a Comment

Your email address will not be published.

The Revolutionary Past of Plastics

daily.jstor.org — From disposable straws to lifesaving medical...

A ‘cast PU elastomer’ that can be injection moulded

plasticsnewseurope.com/ — Lanxess AG has developed a low free...

Plastic straws rank low among consumer concerns

PlasticsToday.com — What do you feel guilty about? Since you’re...

Is Milacron Holdings Corp (NYSE:MCRN)’s Fuel Running Low?

Makdaily.com — The stock of Milacron Holdings Corp (NYSE:MCRN)...

Single-ion conducting polymer electrolytes

ScienceDirect.com — Solid single-Li+-ion conducting polymer...

Functional Natural and Synthetic Polymers

Advancedsciencenews.com — Highly specialized polymers with specific...

New Frontiers for Recyclable Polymers

Flinders University — Many modern plastics, rubbers and ceramics...

Krauss-Maffei Corp. president Paul Caprio stepping down

Canplastics.com — Paul Caprio, president of processing machinery...

Prodways Begins Work on Autonomous Dental 3D Printing

France — Since it was acquired by Groupe Gorgé in 2013, Prodways has...

KraussMaffei breaks ground on new Chinese plant

HAIYAN, China — German machinery manufacturer KraussMaffei Group has...