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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"A further announcement will be made as appropriate."
Shares fell 0.70% to 71p at 11:41 Thursday.
RD
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
