US materials group Schweitzer-Mauduit inks deal for UK's Scapa
January 28, 2021
Schweitzer-Mauduit International has agreed to buy Scapa, a manufacturer of tape and bandages for healthcare and industrial markets. The 210 pence-per-share offer values the UK company at around £402.9 million. Scapa reported revenue of £320.6 million and a trading profit of £27.8 million in FY2020.