Plastics Capital buys Palagan

Plastics Capital, a plastics products manufacturer, has bought Palagan for an undisclosed sum with debt provided by Royal Bank of Scotland. Read on for more deal headlines.

Other done deals:

  • Gwalia Packaging, a South Wales bottle-maker, has added a tool making site to its operations following the acquisition of AMJ
  • GSH Group Plc, a provider of bespoke energy and facilities management systems, has bought Utilitec, a mechanical and electrical installation business in the Netherlands, for an initial £1.8 million in cash
  • Cryo-Save, an adult stem cell storage bank, is to grow its business after buying Cryo-Save Balcanica of Athens for £3.2 million in cash
  • Intertek Group Plc, a provider of testing and safety services, has bought Applica, a food testing laboratory in Germany, for a performance-related £3.6 million

Deals in the pipeline:

  • Trafficmaster, a supplier of intelligent driving services, has agreed to pay up to £4.75 million for TRI-MEX, a stolen vehicle and cargo tracking service operator
  • F&C Asset Management has agreed to buy 70 per cent of REIT’s property management business for £25 million in cash and £35 million in loan notes
  • Dimension Data has made a bid to buy the outstanding shares in Datacraft Asia that it does not already own for £137.6 million to increase its exposure to an emerging market
  • Icomera, a Swedish provider of on-train Internet services, has agreed to acquire Moovera Networks, a UK manufacturer of fixed and mobile communications systems

Marc Barber

Raven Connelly

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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