Nexam Chemical is set to purchase all shares in Plasticolor Sweden for a total consideration of Skr116m ($13.7m).
Nexam plans to finance Skr33.8m ($3.99m) of the transaction through own funds, Skr60m ($7.09m) with a bank loan and Skr22.2m ($2.62m) through new shares in Nexam Chemical Holding.
Plasticolor manufactures masterbatch products for the plastic industry through its production facilities in four countries. The deal also involves Plasticolor Sweden’s manufacturing equipment and multiple properties.
Nexam Chemical will use Plasticolor’s production capacity to further expand its product portfolio and accelerate its growth.
Nexam Chemicals, which currently focuses on polyethylene pipes, polyester foams, and high-performance applications, will also gain access to new customers and markets segment through this acquisition.