Mpac Group PLC - packaging company - Acquires Switchback Group Inc, a US-based supplier of packaging machinery and automation solutions to the food, beverage and healthcare markets. Acquisition to be immediately earnings enhancing. Initial consideration for Switchback is USD13.0 million, payable in cash. Further earn-out consideration of up to USD2.0 million may become payable depending on performance.
Current stock price: 294.00 pence
Year-to-date change: up 48%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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