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Polimoon has Concluded...

Polimoon has Concluded Acquisition of Plastohm

15 Sep 2006
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In connection with the closing all Plastohm entities will start trading under the name Polimoon Plastohm. In the months to come priority will be given to integrate the businesses and increase margin in the automotive operations.

15/09/06 Polimoon has today concluded the acquisition of 98% of the shares in Plastohm SA. The acquisition of Plastohm will be Polimoon’s largest transaction, bringing annual sales in Polimoon in excess of 500 million € (4 billion NOK). The acquisition was initially announced 11 July 2006.

In connection with the closing all Plastohm entities will start trading under the name Polimoon Plastohm. In the months to come priority will be given to integrate the businesses and increase margin in the automotive operations. It is anticipated that measurements to integrate the businesses and improve earnings will be communicated by beginning of November. The period until then will be used to evaluate the business in detail.

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