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Announced

Essendra sold its extrusion business to Inter Primo for £14.4m.

Financials

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Transaction Value£14m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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extrusion solutions

Private

Acquisition

United Kingdom

Diversified Industrials

Synopsis

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Essendra, a supplier of plastic and fibre products, sold its extrusion business to Inter Primo, which manufactures extruded plastic profiles, for £14.4m. Commenting on today's announcement, Paul Forman, Chief Executive said: "The sale of Extrusion not only represents good value for Essentra's shareholders, but also provides the business with a strong platform for future successful growth given Inter Primo's established presence in the extrusion industry. We wish the business every success in the future."

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