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Polimoon ASA to acquire French company Vendee Plastique.

NORDIC BUSINESS REPORT-24 March 2006-Polimoon ASA to acquire French company Vendee Plastique(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

Norwegian plastic converter Polimoon ASA said on Friday (24 March) that it had signed an agreement to acquire Vendee Plastique in France.

Vendee Plastique is an established developer and manufacturer of components to the automotive business, Polimoon said. The company employs some 180 people and has annual sales of approximately EUR25m.

The acquisition price was valued at some EUR11.5m, including debt assumed.

One euro (EUR) is worth approximately 0.69 British pounds (GBP).

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Publication:Nordic Business Report
Article Type:Brief article
Geographic Code:4EUFR
Date:Mar 24, 2006
Words:107
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