January 12, 2017 / 2:34 PM / 6 months ago

BRIEF-Robit establishes manufacturing operations in USA

1 Min Read

Jan 12 (Reuters) - Robit Plc :

* Signed an agreement to purchase the manufacturing assets and IPRs from Halco International LLC and Halco America LLC

* Parties have agreed that purchase prices for deals are not disclosed.

* Manufacturing unit in Sherman, near Dallas, is now under Robit Group's ownership

* Seventy percent of purchase was paid during closing at this date and thirty percent will be paid by April 30 2017 Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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