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Coral Products PLC - Manchester-based plastic products maker - Buys Manplas Holdings Ltd for GBP300,000, paying GBP200,000 in cash and GBP100,000 in 625,000 shares at 16 pence per share. Manplas provides custom manufacturing of vacuum-formed components and sheet plastic parts from premises adjoining those of Coral's Tatra Rotalac subsidiary. Manplas reported an after-tax loss of GBP29,000 on sales of GBP2.7 million in the financial year that ended June 30, 2021. Coral says the services offered by Manplas complement those of its Customised Packaging Ltd subsidiary, also based nearby.
Current stock price: 14.25p
12-month change: up 14%
By Tom Waite; thomaslwaite@alliancenews.com
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