Molins Announcement - 1st August 2017

Date: 01/08/17
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Completion of sale of Molins Instrumentation & Tobacco Machinery division

The board of Molins, the global packaging solutions group, confirms that legal completion of the Sale of the Instrumentation & Tobacco Machinery division to G.D S.p.A., a wholly owned subsidiary of Coesia S.p.A., took place on 1 August 2017.

 

Tony Steels, Chief Executive, said:

 

"I am delighted to confirm that the sale of the Instrumentation & Tobacco Machinery division has formally completed. The net proceeds from the Sale will provide us with the financial resources necessary to accelerate the execution of our strategy to expand our presence within the packaging machinery sector and further exploit the growth opportunities that exist."

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