Nolato acquires GW Plastics for SEK 2 billion

Nolato has signed an agreement to acquire US-based GW Plastics, a manufacturer of injection-molded thermoplastic and silicone solutions for medical devices and vehicle systems, for approximately SEK 2 billion. GW Plastics has annual sales of SEK 1.8 billion and 1,100 employees across seven plants in the US, Mexico, China and Ireland.

“The acquisition provides significant volumes and a strong position in North America for the Medical Solutions business area, offering additional opportunities for growth and underpinning existing core customer relationships.”news.cision.com

• 3 sources
• news.cision.comNolato acquires US-based medtech manufacturer with annual sales of approximately SEK 1.8 billion - NolatoAug 6, 2020
• plasticsnews.comSweden's Nolato buying GW Plastics to build up its North American operations - Plastics NewsDon Loepp, Rhoda Miel, Plastics News StaffAug 6, 2020
• vnews.comSwedish firm buying GW Plastics for $230 million - Valley NewsJohn LippmanAug 6, 2020

Summarized from public sources; check the original articles before acting on it.