Stratec SE (XTRA:SBS) signed an agreement to acquire Natech Plastics, Inc. for $30 million on June 7, 2023. The transaction price agreed for the company, which has almost no debt, amounts to $30.0 million, plus a variable component (earn-out) based on defined performance criteria through to 2025. The transaction will be financed with a newly arranged credit line. In the 2022 financial year, its sales amounted to $16.3 million. The completion of the transaction, and thus first-time consolidation, are expected in July 2023.

Stratec SE (XTRA:SBS) completed the acquisition of Natech Plastics, Inc. on July 1, 2023.