Sulzer Soars on $289 Million Deal to Buy Mascara-Brush Maker

Updated on
  • Shares set for biggest gain in six years on cosmetics growth
  • CEO says Sulzer still committed to core pumps business deals

Sulzer AG shares surged after the Swiss industrial company agreed to buy German mascara-brush maker Geka GmbH for 260 million euros ($289 million) in a bid to expand into cosmetics supplies from its main business of pumps for oil and mining.

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