Uckfield-headquartered mechanical fasteners manufacturer Trifast said its proposed acquisition of Viterie Italia Centrale Srl (VIC) for €27m (£22.5m) has been approved.
The deal was approved by shareholders at the company’s general meeting on 30 May 2014.
Trifast has previously said the acquisition will form a “key additional part” of its future expansion by providing an additional manufacturing facility in Europe to complement the group’s existing resources in Asia.
Malcolm Diamond, executive chairman of Trifast, said: “On behalf of the board, all shareholders and colleagues, we are delighted to add this very successful business to the Trifast portfolio.(…)
via Insider News South East – Trifast’s £22.5m acquisition approved.