Arla Plast AB has signed a Letter of Intent regarding a potential acquisition of Nudec S.A.
Borensberg, January 11, 2024
Arla Plast AB has signed an Letter of Intent with the shareholders of Nudec S.A. to acquire
100 percent of the shares. If the acquisition will be completed, the Arla Plast Group's geographical position in Europe will be strengthened and the product portfolio will be further broadened.
Like Arla Plast, Nudec is a manufacturer of extruded sheets in technical plastic materials based just outside Barcelona, Spain. Nudec has a strong position in southern Europe. The company was founded in 1980 and has a successful history of earnings and growth, although the result for 2022 was comparatively weak. In 2022, Nudec had sales of approximately EUR 57 million, corresponding to approximately slightly above SEK 600 million.
The parties' ambition is to complete the transaction during the first half of 2024.
This information is that Arla Plast AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was published by the above mentioned contact persons on 11 January 2024 at 17:00 CET.
For further information, please contact:
Christian Krichau, CEO, tel: 0141-20 38 58
Monica Ljung, CFO, tel: 0141-20 38 02
About Arla Plast
Arla Plast is a producer and supplier of extruded sheets made of technical plastics. The plastic sheets are made of polycarbonate (“PC”), acrylonitrile butadiene styrene (“ABS”) and polyethylene terephthalate glycol (“PETG”), with a large number of areas of application, including safety products, machine glazing, ice hockey rinks, greenhouses, pool covers, sound walls, protective barriers, suitcases, automotive components and various other construction-related areas of application. The company was founded in 1969 and is headquartered in Borensberg, Sweden. Arla Plast is listed on Nasdaq Stockholm in the Small Cap segment. Read more about Arla Plast at www.arlaplastgroup.com
