Scapa Group in talks to buy Tapex

Scapa Group on Thursday confirmed reports it was looking to buy Tapex, a South Korean manufacturer of tapes for the electronics, consumer and industrial markets.

Scapa Group on Thursday confirmed reports it was looking to buy Tapex, a South Korean manufacturer of tapes for the electronics, consumer and industrial markets.

The tapes and adhesives firm said it has entered into a consortium agreement with private equity investor SkyLake Incuvest for a possible joint acquisition of Tapex.

"Discussions are at an early stage and there is no certainty that a transaction will be completed," Scapa said in a statement.

"A further announcement will be made as appropriate."

Shares fell 0.70% to 71p at 11:41 Thursday.

RD

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