Latest News
Nolato Acquires GW Plastics Medtech Manufacturer for SEK 2bn
Monday 10 August 2020

Swedish polymer products solutions provider Nolato has signed an agreement to acquire Vermont-based medtech manufacturer GW Plastics to strengthen position in North American medical solutions business, the company said.

The acquisition price, including contingent consideration, is estimated at approximately SEK 2bn (USD 23m).

Following the requisite US regulatory approvals, the transaction is expected to be completed in September, when the business will be consolidated into the Group, resulting in a marginal boost to Nolato's earnings per share for the current year.

The acquisition is being funded using own cash funds and new credit agreements.

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.

The acquisition means Nolato has a solid global position on the three key continents of Asia, Europe and North America.

GW Plastics has around 1,100 employees at its seven manufacturing plants in the US, Mexico, China and Ireland.
Date Published: 10/08/2020