Update on Acquisition

RNS Number : 8030B

Plastics Capital PLC

07 March 2014

 



Plastics Capital plc

(The "Company" or the "Group")

Update on Acquisition

Further to the announcement on 4th February, the Company has now been advised that completion of Shengli Printing Science and Technology Co, Ltd ("Shengli") is expected by 31st March 2014. The Company has delivered the various supplementary information requested by the local Commission of Commerce and now await the final necessary regulatory approval relating to the business licence.

Plastics Capital plc                                                                                          Tel: [phone]

Faisal Rahmatallah, Executive Chairman

Nick Ball, Finance Director

Cenkos Securities                                                                                            Tel: [phone]

Stephen Keys

Camilla Hume

Allenby Capital                                                                                                 Tel: [phone]

Katrina Perez

Walbrook PR Ltd                                                                                              Tel: [phone]

Paul Cornelius                                                     Mob: [phone] or [e-mail]

Helen Cresswell                                               Mob: [phone] or [e-mail]

Notes to Editor

Plastics Capital is a plastics products manufacturer focused on proprietary products for niche markets.  The Group has four factories in the UK, one in Thailand and sales offices in the USA, Japan, China and India.  Approximately 65 per cent of sales are exported to over 80 countries worldwide.  Production is concentrated in the UK where significant engineering know-how and automation underpins the Group's competitiveness.  The Group has approximately 300 employees.

Further information can be found on www.plasticscapital.com

 

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