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Nolato completes acquisition of US-based Ja-Bar
Nolato has completed the acquisition of US-based Ja-Bar Silicone Corporation. The final purchase price for the company amounts to SEK 93 million (debt free company). The company, which has annual sales equivalent to approximately SEK 150 million with good profitability, strengthens Nolato's offering in process- and materials-based electronics shielding solutions for electromagnetic compatibility or `EMC'. The EBITDA multiple is around 4.5 times.
The company will be consolidated from 18 December and its operations will be reported under the Integrated Solutions business area. The transaction is expected to have a marginal positive effect on Nolato's earnings per share in 2020.
The acquisition is being financed using existing credit agreements.
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For further information, please contact:
Christer Wahlquist, President and CEO, +46 (0)705 804848
Per-Ola Holmström, CFO, +46 (0)705 763340
Nolato is a Swedish group with operations in Europe, Asia and North America. We develop and manufacture products in polymer materials such as plastic, silicone and TPE for leading customers within medical technology, pharmaceuticals, consumer electronics, telecom, automotive, hygiene and other selected industrial sectors. Nolato's shares are listed on Nasdaq Stockholm in the Large Cap segment, where they are included in the Industrials sector.
www.nolato.com
This information was distributed by Cision http://www.cisionwire.se/