Coral Products purchases Arrow Film Converters for over GBP500,000
The Manchester, England-based maker of bespoke plastic products said it will buy Arrow from its administrators for a total consideration of GBP502,899 in cash through its wholly owned subsidiary Film & Soil Solutions Ltd.
Coral said the acquisition was funded without increasing its existing group facilities. An initial cash payment of GBP202,899 has been made, with the remaining GBP300,000 due within 14 days of completion.
Yorkshire, England-based Arrow is an approved supplier to UK supermarkets and has current sales demand of circa GBP1 million per month according to Coral.
more at: https://www.lse.co.uk/news/coral-products-purchases-arrow-film-converters-for-over-gbp500000-46fl8qc3p3kfa67.html