Vendredi 12 Mai @ VIPress.netIsola completes Polyclad acquisition
ISOLA GROUP, SARL has announced that it has completed the acquisition of Polyclad Laminates from Cookson Group plc, for a cash consideration of $91M following approval by European Union antitrust authorities. Polyclad manufactures a line of laminate and prepreg materials similar to Isola Group.
According to Ray Sharpe, CEO of the new corporation, "This acquisition allows us to broaden our product portfolio and strengthen our geographic footprint. The product lines for both companies are very complementary resulting in the most complete product offering in the industry." Isola plans to spend approximately $50 million U.S. dollars on cash restructuring charges to ensure more efficient use of global manufacturing capacities, creating a global supplier capable of competing effectively in the long term with laminate suppliers based solely in low-cost regions of the world.
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