Coral Products PLC - Merseyside-based supplier of injection moulded plastic products - Buys Film & Solutions Ltd, converter of flexible packaging film, print lamination film and speciality plastics.
Coral bought the converter firm, which is also Merseyside-based, from two private individuals for GBP3.0 million, it says. "This acquisition reinforces our focus on niche, specialist operators in the plastics sector," explains Coral Chair Joe Grimmond.
Film & Foil Solutions calls itself "one of the UK's largest converters and stockists of flexible packaging films" on its website.
Current Coral Products stock price: 15.25 pence, down 1.6% on Wednesday
12-month change: up 1.7%
By Tom Budszus; tombudszus@alliancenews.com
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Coral Products (CRU)