Yorkshire plastics firm bought in £2.5m deal

PACKAGING business Coral Products has agreed to buy Tatra Plastics Manufacturing, a Halifax-based injection moulding firm, in a £2.5m cash and shares deal.

Haydock-based Coral used to focus on DVD and CD cases but has seen its trading performance improve by diversifying into other moulded plastic products such as recycling bins.

It is covering most of the acquisition costs by raising £1.7m through a share placing.

Coral said Tatra holds contracts with major corporations in the telecoms and rail industries and ma... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...