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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Coral Products PLC | AQSE:CRU.GB | Aquis Stock Exchange | Ordinary Share | GB0002235736 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 10.00 | 9.00 | 11.00 | 10.00 | 10.00 | 10.00 | 0.00 | 07:01:06 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMCRU
RNS Number : 3554M
Coral Products PLC
19 January 2016
19 January 2016
CORAL PRODUCTS PLC
("Coral" or the "Group")
Acquisition
Coral Products plc, a specialist in the design, manufacture and supply of injection moulded plastic products, is pleased to announce that it has purchased the fixed assets, stock and business of Rotalac Plastics Limited ("Rotalac") from the administrators for a total consideration of GBP160,000 from the Group's existing cash resources.
Rotalac, which is based in Manchester, provides bespoke thermoplastic extrusion and moulding solutions across a number of industries worldwide, including aerospace, medical and automotive. Rotalac is also a leader in shutter system design and manufacture including the branded Tambour range of shutters.
In its last published accounts for the year ended 31 December 2014, Rotalac had sales of GBP3.1 million and operating profit of GBP134,000 and the net book value of its fixed assets and stock was GBP708,000 and GBP212,000 respectively.
Coral's Executive Chairman Joe Grimmond commented: "This is an exciting opportunity and in line with the Group's strategic plan to broaden our product range. We look forward to integrating Rotalac's business into the Group."
Enquiries
Coral Products plc Tel: 07703 Joe Grimmond, Executive Chairman 518 148 Nominated Adviser Cairn Financial Advisers LLP Tel: 020 7148 Avi Robinson / Tony Rawlinson 7900 Broker Daniel Stewart & Company Limited Tel: 020 7776 David Lawman 6550 Capital Markets Consultants Limited Tel: 07515 Richard Pearson 587184
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
January 19, 2016 10:46 ET (15:46 GMT)
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