Indutrade has signed an agreement to acquire all the shares in Prp-Plastic Oy. The company’s annual sales amount to approximately SEK 27 M.
Prp-Plastic designs and manufactures different types of plastic products for the processing industry. Installation and maintenance is being done by their own subsidiary Modul-Plastic. Typical products are surface linings, cisterns, components and pipe systems. Business is conducted at three locations in Finland.
The acquisition takes effect as of June 1, 2006 and is expected to have a marginal positive effect on Indutrade’s earnings per share.
Stockholm, June 2, 2006
INDUTRADE AB (publ)