LIFCO Acquires Condale Plastics in the UK
Lifco has signed an agreement to acquire all of the shares in the British company Condale Plastics Ltd. The company is a specialist manufacturer of bespoke plastic extrusions.
Condale Plastics has about 80 employees and reported net sales of approximately MGBP 18 in 2021.
The company is based in East Grinstead, West Sussex in the UK. Condale Plastics will be consolidated in Business Area Systems Solutions, division Contract Manufacturing. Consolidation is expected to take place in September 2022.
The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
Please visit www.condaleplastics.com for more information.
For more information please contact:
CEO and President Lifco
Media and investor relations manager
Phone +46 730 244 872, e-mail email@example.com
Lifco offers a safe haven for small and medium-sized businesses. Lifco’s business concept is to acquire and develop market-leading niche businesses with the potential to deliver sustainable earnings growth and robust cash flows. Lifco is guided by a clear philosophy centred on long-term growth, a focus on profitability and a strongly decentralised organisation. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. At year-end 2021, the Lifco Group consisted of 198 operating companies in 31 countries. In 2021, Lifco reported EBITA of SEK 3.7 billion on net sales of SEK 17.5 billion. The EBITA margin was 21.2 per cent. Read more at www.lifco.se.