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United States

Uponor Streamlines Building Solutions - Europe Segment


Wednesday, 5 Sep 2018 10:30am EDT 

Sept 5 (Reuters) - Uponor Oyj ::SALE OF ALL OUTSTANDING SHARES IN ZENT-FRENGER GMBH.DEBT AND CASH FREE PURCHASE PRICE IS EUR 16 MILLION.ADDITIONAL PURCHASE PRICE UNDER AN EARN-OUT AGREEMENT UP TO EUR 2 MILLION.CLOSING IS EXPECTED DURING OCTOBER 2018.DECIDED TO CLOSE DOWN ITS LOSS-MAKING SALES OFFICES IN SWITZERLAND AND AUSTRALIA BY END OF YEAR.HAS DECIDED TO CLOSE DOWN ITS OWN WAREHOUSING OPERATIONS IN FRANCE.CLOSING OFFICES IN SWITZERLAND AND AUSTRALIA HAVE IMPLICATIONS ON 12 EMPLOYEES.CLOSING DOWN WAREHOUSING OPERATIONS IN FRANCE HAS IMPLICATIONS ON 6 EMPLOYEES.CONSIDERS OPTIONS TO REORGANISE ITS WAREHOUSING SERVICES IN SPAIN. 

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9.3
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