Scapa Group (SCPA)

Sector:

Industrial Chemicals

Index:

FTSE AIM 50

109.80p
   
  • Change Today:
      1.60p
  • 52 Week High: 293.00
  • 52 Week Low: 100.00
  • Currency: UK Pounds
  • Shares Issued: 155.47m
  • Volume: 1,475,569
  • Market Cap: £170.70m
  • RiskGrade: 368

Scapa buys Acelity's advanced wound dressings facility

By Michele Maatouk

Date: Thursday 13 Sep 2018

LONDON (ShareCast) - (Sharecast News) - AIM-listed Scapa has announced the acquisition of Acelity's advanced wound dressings manufacturing facility in Gargrave for £31m in cash.
The healthcare company has also entered into an exclusive five-year manufacturing supply agreement with Acelity for Systagenix advanced wound care products, expanding its existing partnership with the group.

Scapa said the aaddition of the well invested 335,000-square-foot Gargrave site will it as one of the leading global B2B manufacturers of advanced wound care products.

It said the acquisition "significantly" enhances its capabilities, services and footprint and adds gamma sterilisation to its capability, providing a unique value proposition and additional flexibility. In addition, it further deepens Scapa's strategic relationship with Acelity and brings to the group 22 research and developments scientists with 196 years of combined experience.

The deal will help maximise operational efficiencies for the healthcare business, Scapa said, adding that the acquired operations have existing third party contract manufacturing operations and a sterilisation business operated out of Gargrave.

Group chief executive Heejae Chae said: "The transaction marks a milestone in our healthcare journey from a material supplier to a global healthcare company. It bridges the final gaps in our value proposition in capabilities, services and footprint. The Gargrave facility will serve as our European centre of excellence with its state of the art manufacturing facility and significant innovation and development capability.

"Additionally, the transaction will further strengthen our strategic relationship with Acelity by supporting its strategy for continued growth as the leading wound care company in the world."

At 1600 BST, the shares were up 5.8% to 433.60p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Scapa Group Market Data

Currency UK Pounds
Share Price 109.80p
Change Today 1.60p
% Change 1.48 %
52 Week High 293.00
52 Week Low 100.00
Volume 1,475,569
Shares Issued 155.47m
Market Cap £170.70m
RiskGrade 368

Scapa Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.38% below the market average21.38% below the market average21.38% below the market average21.38% below the market average21.38% below the market average
62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average
Price Trend
76.89% below the market average76.89% below the market average76.89% below the market average76.89% below the market average76.89% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Income
63.49% below the market average63.49% below the market average63.49% below the market average63.49% below the market average63.49% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Growth
11.2% below the market average11.2% below the market average11.2% below the market average11.2% below the market average11.2% below the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Scapa Group Dividends

  Latest Previous
  Final Final
Ex-Div 25-Jul-19 19-Jul-18
Paid 23-Aug-19 17-Aug-18
Amount 2.90p 2.40p

Trades for 03-Jun-2020

Time Volume / Share Price
17:06 15,000 @ 109.80p
16:39 14,029 @ 109.80p
16:35 77,360 @ 109.80p
16:29 91 @ 109.20p
16:29 581 @ 109.20p

Scapa Group Key Personnel

CEO Heejae Chae
Chair Lawrence C Pentz
CFO Oskar Zahn

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