Plastics Capital (AIM:PLA) – acquisitions boost the numbers. Is the future more positive?
The Group is a claimed consolidator of plastics products manufacturers focused on proprietary products for niche markets. The year under review saw the material acquisition of Flexipol in November 2014 as well as a full year’s contribution from Beijing Higher Shengli Printing Science and Technology Co., Ltd (“Shengli”), a leading Chinese manufacturer of creasing matrix. Together the acquisitions enabled turnover to grow by 22% for the year.
Flexipol was a material acquisition (maximum consideration…
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