Scapa Group, a healthcare corporation, has sales and manufacturing operations in Europe, North America and Asia. Schweitzer-Mauduit International has made an offer for the firm, and this has been presented as a fair deal to the shareholders of the Scapa Group.
The takeover bid values the Scapa Group at almost £403 million. Heejae Chae, the Chief Executive of the organisation, told Insider Media that:
“As another multinational producer for outsourced performance materials, SWM has been on a similar journey to us, also extending into healthcare markets having initially been focused on customers in the industrials sector.”
Chae said he is proud of the efforts of his team and thinks that the brand of the corporation has benefited from its commitment to innovation. In his view, the takeover should work because the firms complement one another.
Chris Brimstead, the Chair of the Scapa Group, praised the group for its resilience, but said that he thinks that economic uncertainty could have been awkward for the firm if it was not subject to a takeover bid. Companies that Print Letterheads are often sought out by enterprises undergoing a change of ownership to update their details on their printed materials.
Schweitzer-Mauduit International has Jeffrey Kramer as its Chief Executive. Kramer told Insider Media that he was excited by the envisaged acquisition of the Scapa Group and the potential impact on the growth profile of his company.
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