7th Mar 2014 11:46
Plastics Capital plc
(The "Company" or the "Group")
Update on Acquisition
Further to the announcement on 4th February, the Company has now been advised that completion of Shengli Printing Science and Technology Co, Ltd ("Shengli") is expected by 31st March 2014. The Company has delivered the various supplementary information requested by the local Commission of Commerce and now await the final necessary regulatory approval relating to the business licence.
Plastics Capital plc Tel: 020 7978 0574
Faisal Rahmatallah, Executive Chairman
Nick Ball, Finance Director
Cenkos Securities Tel: 020 7397 8900
Stephen Keys
Camilla Hume
Allenby Capital Tel: 020 020 3328 5656
Katrina Perez
Walbrook PR Ltd Tel: 020 7933 8780
Paul Cornelius Mob: 07866 384 707 or [email protected]
Helen Cresswell Mob: 07841 917 679 or [email protected]
Notes to Editor
Plastics Capital is a plastics products manufacturer focused on proprietary products for niche markets. The Group has four factories in the UK, one in Thailand and sales offices in the USA, Japan, China and India. Approximately 65 per cent of sales are exported to over 80 countries worldwide. Production is concentrated in the UK where significant engineering know-how and automation underpins the Group's competitiveness. The Group has approximately 300 employees.
Further information can be found on www.plasticscapital.com
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