15th Dec 2020 20:40
HeiQ PLC - textiles technology firm - Concludes acquisition of majority stake in Spanish medical device manufacturer MasFabEs. Says manufacturer has been renamed HeiQ Medica SL and will manufacture medical devices with HeiQ's textile technologies.
HeiQ co-founder & CEO Carlo Centonze said: "As a leading, profitable player in the USD10 billion antimicrobial market, this manufacturing capability will ensure that we are well positioned to meet the strong on-going demand that we are experiencing for our products. The acquisition is in line with our stated strategy to deliver shareholder value by building on the significant momentum achieved by HeiQ Viroblock while also growing other innovations within our core product portfolio. The pandemic has changed our behaviour for good. Following the SARS epidemic in Asia in 2003, all medical and healthcare workers now use face masks daily in this region and we are confident that this practice will continue worldwide even when the Covid-19 pandemic is under control."
Current stock price: 130 pence for GBP163.7 million market capitalisation
By Arvind Bhunjun; [email protected]
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