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Article: SSL poised for growth in Europe.(News)

Article from:
Rubber & Plastics News
Article date:
March 10, 2008
Copyright

Byline: Mike McNulty

SSL International P.L.C. is positioning itself to become a bigger player in Eastern Europe within the next two years.

The condom manufacturer plans to buy a portion of Beleggingsmaatschappij Lemore B.V., a producer and major distributor of condom and medical disposable products throughout Eastern Europe and the Commonwealth of Independent States.

SSL did not give the exact percentage of the investment in BLBV, but a company official said it will be in the vicinity of 18 percent, which would put the price of the transaction at about $45 million.

The deal is expected to close in April, and the company said it will ...

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