Nefab acquires company in Spain
Nefab has signed an agreement to acquire all shares in the packaging company Mediterranean Goods SA in Barcelona, Spain. Sellers are four private persons. Mediterranean Goods supplies packaging solutions to customers mainly in the automotive and electronics industry segments.The company’s main market is concentrated to Catalonia and operations generate sales slightly above 4 M EUR annually. In 2005 profit after financial net amounted to approximately 0,3 M EUR. The price paid for the acquired entity is 2,0 M EUR and shall be paid on admission day, plus additional purchase price based on