3 March 2021 - acquisition

Following the disposal of Coral Product (Mouldings) and Interpack, which have now completed, the AIM-listed plastic products group has acquired Customised Packaging Limited (CPL) for net consideration of £1.25m.  Some £884k is being satisfied in cash with the balance satisfied by the issue of over 3.3m new shares in Coral at 11p.  CPL is a Manchester based plastic products business which will help to expand the group's market coverage and product range.  This is expected to be earnings enhancing in its first year - there is also the possibility of additional consideration being . . .

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