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Duroc AB signed a memorandum of understanding to acquire the Cotting Group, comprising Griffine Enductin SA in France and Plastibert & Cie. NV in Belgium, producers of PVC and PU coated technical textiles with annual turnover of about €70 million.
“The acquisition of the Cotting Group will therefore increase total group revenues by ca 25% at the same time as establishing Duroc in an industry with a fragmented structure and good conditions for growth.”view.news.eu.nasdaq.com
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