Noiro deal comes to close
The deal announced in early September for the sale of Noiro, the
cosmetics and detergent business of Finnish healthcare specialist
Orion Corporation, to funds managed/advised by CapMan was closed
today.
cosmetics and detergent business of Finnish healthcare specialist
Orion Corporation, to funds managed/advised by CapMan was closed
today.
The deal announced in early September for the sale of Noiro, the cosmetics and detergent business of Finnish healthcare specialist Orion Corporation, to funds managed/advised by CapMan was closed today.
The closing of the deal had been subject to the approval of the Finnish Competition Authority. According to a statement today, the price of the transaction was over €100 million.The deal includes all the business operations and the related assets and liabilities of Noiro and its subsidiaries.
Noiro's 2002 net sales totalled €135.3 million and operating profit €9.8 million. All the 850 employees are joining the new company under the current terms of employment.
The operations will continue under the name Noiro Ltd.
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