Nordstjernan acquires Technical Plastics Holding
Nordstjernan and Rosti A/S have agreed that Nordstjernan shall, through its wholly-owned subsidiary Stella Plastic Holding AB, acquire 100 percent of the shares in Rosti Technical Plastics Holding A/S (RTP).
The new merged unit, Stella/RTP group, headquartered in Copenhagen, will be named Rosti and Börje Vernet, presently CEO of Stella, will become CEO of the new merged unit.
The transaction must be approved by competition authorities and is expected to be completed during the first quarter of 2010.
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