Edition:
India

Nolato Acquires Ja-Bar Silicone Corporation


Monday, 16 Sep 2019 

Sept 16 (Reuters) - Nolato AB ::NOLATO ACQUIRES US-BASED EMC COMPANY.SIGNED AN AGREEMENT TO ACQUIRE US-BASED JA-BAR SILICONE CORPORATION.TRANSACTION IS EXPECTED TO BE COMPLETED IN NOVEMBER, WHEN COMPANY WILL ALSO BE CONSOLIDATED INTO GROUP.ACQUISITION IS EXPECTED TO HAVE A MARGINAL POSITIVE EFFECT ON NOLATO'S EARNINGS PER SHARE FOR CURRENT YEAR.PURCHASE PRICE IS APPROXIMATELY SEK 95 MILLION (DEBT-FREE BASIS) AND ACQUISITION WILL BE FUNDED BY USING EXISTING CREDIT AGREEMENTS.JA-BAR IS ESTIMATED TO GENERATE SALES EQUIVALENT TO AROUND SEK 150 MILLION IN 2019 WITH GOOD PROFITABILITY. 

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