Elanders AB : Elanders broadens its offer in packaging through an acquisition in Scotland

Elanders AB : Elanders broadens its offer in packaging through an acquisition
                                 in Scotland

In line with Elanders' strategy to continue to make packaging a larger part of
total sales Elanders has acquired all the shares in the label printing company
McNaughtan's Printers Limited ("McNaughtan's") in Glasgow, Scotland. The
company is particularly niched towards the whisky trade and a number of well
known whisky distilleries are customers. For many producers their label is a
crucial part of packaging and therefore labels and packaging are normally
purchased from the same source. This means that with this acquisition Elanders
broadens its offer in packaging and gains new customers in the growing whisky
trade in Scotland as well.

During the split financial year 2011/2012 McNaughtan's had net sales of around
MSEK 20 and 14 employees. The company is expected to contribute positively to
consolidated results already in 2013.

Elanders AB (publ)

For further information please contact:
Magnus Nilsson, President and CEO, telephone: +46 31 750 07 50

Elanders discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication at 8:00 a.m. on 13 February 2013.

2013-02-13 Elanders Pressrelease

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Source: Elanders AB via Thomson Reuters ONE
HUG#1677672
 
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