Industry: Plastics industry
Translink announces the acquisition of 75% shares in Stadpipe AS, a supplier of aquaculture piping systems, by Simona Group, a leading manufacturer of thermoplastic products. The deal was signed on June 4th and is scheduled to be closed on June 30th.
Translink acted as the exclusive financial advisor to the shareholders of Stadpipe AS.
Rationale for the transaction:
The acquisition offers Simona access to projects and end consumers in the fish farming and fishing industry and opens opportunities in this worldwide growing market. Stadpipe’s product range complements and extends Simona´s existing portfolio of pipes and fittings.