Nordic Business Report-March 24, 2006-Polimoon ASA to acquire French company Vendee Plastique
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Norwegian plastic converter Polimoon ASA said on Friday (24 March) that it had signed an agreement to acquire Vendee Plastique in France. Vendee Plastique is an established developer and manufacturer of components to the automotive business, Polimoon said. The company employs some 180 people and has annual sales of approximately EUR25m. The acquisition price was valued at some EUR11.5m, including debt assumed. One euro (EUR) is worth approximately 0.69 British pounds (GBP).
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