Elanders broadens its offer in packaging through an acquisition in Scotland
In line with Elanders' strategy to continue to make packaging a larger part of
total sales Elanders has acquired all the shares in the label printing company
McNaughtan's Printers Limited ("McNaughtan's") in Glasgow, Scotland. The company
is particularly niched towards the whisky trade and a number of well known
whisky distilleries are customers. For many producers their label is a crucial
part of packaging and therefore labels and packaging are normally purchased from
the same source. This means that with this acquisition Elanders broadens its
offer in packaging and gains new customers in the growing whisky trade in
Scotland as well.
During the split financial year 2011/2012 McNaughtan's had net sales of around
MSEK 20 and 14 employees. The company is expected to contribute positively to
consolidated results already in 2013.
Elanders AB (publ)
For further information please contact:
Magnus Nilsson, President and CEO, telephone: +46 31 750 07 50
Elanders discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication at 8:00 a.m. on 13 February 2013.
2013-02-13 Elanders Pressrelease:
http://hugin.info/1053/R/1677672/547243.pdf
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Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
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originality of the information contained therein.
Source: Elanders AB via Thomson Reuters ONE
[HUG#1677672]
