POLYTEC GROUP sells POLYTEC Industrial Plastics to Peter Stinshoff

POLYTEC GROUP signed a contract to sell its interest in POLYTEC Industrial Plastics GmbH to joint owner Peter Stinshoff, with a one-off cash effect of approximately EUR 17 million. Closing is expected in early December 2020, subject to antitrust approval.

“Today, the POLYTEC GROUP signed a contract for the sale of its interest in POLYTEC Industrial Plastics GmbH to the joint owner Peter Stinshoff.”polytec-group.com

• 1 source
• polytec-group.comPOLYTEC GROUP to part with its original niche businessNov 3, 2020

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