Nolato divests business in Åstorp, Sweden

The Nolato Group has taken the decision to divest the subsidiary Nolato Hertila AB to Essentra International Limited, which is part of Essentra Plc. The purchaser will take over the business as of 5 July 2018. The purchase price is SEK 58 million.

“Nolato Hertila is focused on the production and sale of standard products that provide protection during painting, assembly and transportation. It’s the only company of its kind in the Group,” said Johan Arvidsson, President of Nolato’s Industrial Solutions business area. The divestment is part of the business area’s focus on developing and manufacturing customer-specific products for the automotive sector and general industry.

Nolato Hertila has 25 employees in Åstorp, Sweden and annual sales of approximately SEK 40 million. The financial impact of the transaction will be set out in Nolato’s six-month report, to be published on 19 July, but will be recognised in the accounts for the third quarter.

For further information, please contact:
Christer Wahlquist, President and CEO, on +46 (0)705 804848
Per-Ola Holmström, CFO, on +46 (0)705 763340

Nolato is a Swedish group with operations in Europe, Asia and North America. We develop and manufacture products in polymer materials such as plastic, silicone and TPE for leading customers within medical technology, pharmaceuticals, consumer electronics, telecom, automotive, hygiene and other selected industrial sectors. Nolato’s shares are listed on Nasdaq Stockholm in the Mid Cap segment, where they are included in the Industrials sector.