{"id":418,"date":"2006-10-23T11:45:00","date_gmt":"2006-10-23T11:45:00","guid":{"rendered":"https:\/\/nolato.wpengine.com\/?mfn_news=nolato-continues-its-expansion-in-medical-devices-acquires-medical-rubber-ab"},"modified":"2006-10-23T11:45:00","modified_gmt":"2006-10-23T11:45:00","slug":"nolato-continues-its-expansion-in-medical-devices-acquires-medical-rubber-ab","status":"publish","type":"mfn_news","link":"https:\/\/temporary.nolato.com\/sv\/mfn_news\/nolato-continues-its-expansion-in-medical-devices-acquires-medical-rubber-ab\/","title":{"rendered":"Nolato continues its expansion in medical devices &#8211; Acquires Medical Rubber AB"},"content":{"rendered":"<div class=\"mfn-preamble\"><strong><\/strong><\/div>\n<pre><p>Nolato today signed an agreement to acquire Medical Rubber, one of Europe\u2019s leading manufacturers of precision components in silicone rubber and thermoplastic elastomers for medical devices. <br\/>\n<br\/>\n\u201cThe acquisition enhances Nolato\u2019s position as a leading manufacturer of polymer systems components in medical technology and is completely in line with the expansion strategies we have for the Nolato Medical business area,\u201d said Georg Brunstam, who is President and CEO of Nolato. <br\/>\n<br\/>\n\u201cIt\u2019s a fine, well-managed company that fits in well at Nolato. It complements Nolato Medical\u2019s current operations both technologically and in terms of customers and also creates synergies in the business area,\u201d noted Mr. Brunstam.<br\/>\n<br\/>\nMedical Rubber is expected to have sales of about SEK 100 M in 2006, with an EBITDA margin of about 18 percent. The company has some one hundred employees in H\u00f6rby, Sweden. Customers are located throughout the world, and roughly 50 percent of the company\u2019s production is exported. <br\/>\n<br\/>\nThe company is being acquired from the Persson family, which founded Medical Rubber in 1973.The purchase price is SEK 160 M (on a debt free basis), and the acquisition is expected to have a positive effect on Nolato\u2019s per-share earnings as soon as the takeover is complete.<br\/>\n<br\/>\n\u201cIn Nolato, we\u2019ve got an owner that enables us to develop the company together, and at the same time we feel there are many common denominators, commercially, technologically and in terms of values,\u201d said Mai Persson, who will stay on as Managing Director of Medical Rubber after Nolato\u2019s acquisition. <br\/>\n<br\/>\n\u201cMedical Rubber\u2019s expertise and customer base complement our current resources really well and create even more breadth in our customer offering,\u201d remarked Christer Wahlquist, who is head of the Nolato Medical business area.<br\/>\n<br\/>\nThe takeover will take effect on November 1, 2006<br\/>\n<\/p><\/pre>\n<div class=\"mfn-footer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nolato today signed an agreement to acquire Medical Rubber, one of Europe\u2019s leading manufacturers of precision components in silicone rubber and thermoplastic elastomers for medical devices. \u201cThe acquisition enhances Nolato\u2019s position as a leading manufacturer of polymer systems components in medical technology and is completely in line with the expansion strategies we have for the&hellip; <a class=\"more-link\" href=\"https:\/\/temporary.nolato.com\/sv\/mfn_news\/nolato-continues-its-expansion-in-medical-devices-acquires-medical-rubber-ab\/\">Continue reading <span class=\"screen-reader-text\">Nolato continues its expansion in medical devices &#8211; Acquires Medical Rubber AB<\/span><\/a><\/p>\n","protected":false},"template":"","class_list":["post-418","mfn_news","type-mfn_news","status-publish","hentry","mfn-news-tag-mfn-ca","mfn-news-tag-mfn-lang-en","mfn-news-tag-mfn-type-ir","mfn-news-tag-mfn-regulatory-listing","mfn-news-tag-mfn-ca-ma","mfn-news-tag-mfn","mfn-news-tag-mfn-regulatory","entry"],"translation":{"provider":"WPGlobus","version":"3.0.0","language":"sv","enabled_languages":["en","es","de","fr","ru","sv"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"es":{"title":false,"content":false,"excerpt":false},"de":{"title":false,"content":false,"excerpt":false},"fr":{"title":false,"content":false,"excerpt":false},"ru":{"title":false,"content":false,"excerpt":false},"sv":{"title":false,"content":false,"excerpt":false}}},"_links":{"self":[{"href":"https:\/\/temporary.nolato.com\/sv\/wp-json\/wp\/v2\/mfn_news\/418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/temporary.nolato.com\/sv\/wp-json\/wp\/v2\/mfn_news"}],"about":[{"href":"https:\/\/temporary.nolato.com\/sv\/wp-json\/wp\/v2\/types\/mfn_news"}],"wp:attachment":[{"href":"https:\/\/temporary.nolato.com\/sv\/wp-json\/wp\/v2\/media?parent=418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}