29th Nov 2024 17:15
Mpac Group PLC - Tadcaster, North Yorkshire-based high-speed packaging and automation solutions - Completes deal to buy CSi Palletising. CSi Palletising provides design, manufacturing and installation services for end-of-line automation and palletising solutions. It is based in the Netherlands, with a factory in Romania.
Around 1.0 million shares have been issued to the sellers at 400 pence each, worth GBP4.2 million, to be admitted on December 2. It will take Mpac's issued share capital to 30.1 million ordinary shares. Mpac will pay EUR41.5 million in cash up front. The remainder will be in vendor loans and deferred payments.
In September, Mpac announced the USD17 million acquisition of Boston Conveyor & Automation Inc, a US-based supplier of robotic automation and conveyor solutions to the food, life science and general industry sectors.
Current stock price: 500.00p, down 1.0% in London on Friday
12-month change: multiplied from 207.50p
By Michael Hennessey, Alliance News reporter
Comments and questions to [email protected]
Copyright 2024 Alliance News Ltd. All Rights Reserved.