Nefab acquires company in The Netherlands
Nefab has signed an agreement to acquire all shares in the packaging company Bijl B.V. in The Netherlands. Bijl supplies preservation packaging materials and ESD protective packaging materials to the industry. The company’s main market is The Netherlands and operations generate sales of about EUR 4 M annually. The acquisition is a step in Nefab’s intentions to increase market presence in Europe, while at the same time the acquisition represents a broadening of the product offering and product expertise. The acquisition is not expected to affect Nefab’s earnings per share in the current year.