Scapa Group in £29m wound care deal as profits slip
TECHNICAL tape specialist Scapa Group has bought a wound care products business for up to £29m as it sees continued growth in the healthcare sector, although overall profits have slipped.
The acquisition of New York-based EuroMed will see the Ashton-under Lyne based business make an initial cash payment of £24m, with a contingent deferred payment of up to £5m depending on performance.
EuroMed had sales of around £12.5m last year and Scapa said the acquisition is expected to be earnings enhancing in the... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...