Announced
Financials
Sources
Tags
Reverse Takeover
Friendly
Domestic
Acquisition
Pending
Single Bidder
Majority
Textile Tech
Textile Products
United Kingdom
Private
consumer products
Synopsis
Auctus Growth, which is engaged in investing in strategic and/or special situations of unquoted companies or businesses, agreed to acquire HeiQ Materials, an innovator in the field of textile technology, for c.£120m ($159m). The funds raised will be used to strengthen HeiQ Materials’ regulatory portfolio, enhance its direct to consumer marketing and build brand equity, expand its geographical footprint, expand its sales channels, upscale its products, and build a medical business unit in light of the robust growth that HeiQ Viroblock, one of HeiQ’s current core technologies, has experienced due to Сovid-19.
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