June 24, 2017 / 9:42 AM / 2 months ago

Germany's Surteco buys edgbandings maker Probos from Alantra

FRANKFURT (Reuters) - German plastic extrusions maker Surteco (SURG.DE) has agreed to buy Portuguese PVC edgbandings maker Probos from private equity firm Alantra (ALNTA.MC) for 99 million euros (87.15 million pounds) in cash, it said in a statement on Saturday.

Surteco said the deal, which is not subject to any approvals and is expected to close in the coming weeks, would help its expansion in South and Central America.

Reporting by Georgina Prodhan; Editing by Toby Chopra

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