Aalberts Industries N.V.: Aalberts complex precision stamping expands to North America
11 September 2018 - 7:30AM
Langbroek, 11 September 2018
Aalberts Industries N.V. has reached an agreement
to acquire 100% of the shares of Co-Planar, Inc., based in New
Jersey (USA) and Querétaro (Mexico), generating an annual revenue
of approximately USD 9 million. Co-Planar is a specialist in
complex precision stamping with very good technical knowledge on
accurate and high-speed stamping.
Aalberts material technology is a worldwide
leading market player in complex precision stamping (Metalis)
combined with heat and surface treatments.
The acquisition of Co-Planar enables Aalberts to
expand with Key Accounts in USA and Mexico. The experienced
management of Co-Planar will continue to lead the company and
will become part of the Metalis organisation.
The results of Co-Planar will be consolidated as
of 1 September 2018. The acquisition will directly contribute to
the earnings per share and will be financed from existing credit
facilities.
Please visit www.co-planar.com for additional
information.
contact (from 8:00 am CEST)
+31 (0)343 56 50 89
investors@aalberts.com
press release in pdf
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Aalberts Industries N.V. via Globenewswire
Aalberts (LSE:AALB)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Aalberts (LSE:AALB)
Historical Stock Chart
Von Jun 2023 bis Jun 2024
