Edition:
United Kingdom

Acasta Enters Into Definitive Agreement To Sell JemPak Corp


Thursday, 10 May 2018 

May 10 (Reuters) - Acasta Enterprises Inc ::ACASTA ENTERS INTO DEFINITIVE AGREEMENT TO SELL JEMPAK CORPORATION.ACASTA ENTERPRISES INC - DEAL FOR A PURCHASE PRICE OF $118 MILLION ON A CASH FREE AND DEBT FREE BASIS.ACASTA ENTERPRISES INC - PROCEEDS FROM SALE OF JEMPAK WILL BE USED TO FURTHER PAY DOWN INDEBTEDNESS.ACASTA ENTERPRISES INC - ENTERED AGREEMENT WITH HENKEL CANADA CORPORATION, A WHOLLY-OWNED SUBSIDIARY OF HENKEL AG & CO. KGAA TO SELL JEMPAK. 

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