Nolato AB (publ) (OM:NOLA B) signed an agreement to acquire GW Plastics, Inc. for approximately SEK 2 billion on August 6, 2020. Under the terms of transaction, the acquisition price comprises of SEK 400 million of contingent consideration and approximately SEK 1.8 billion will be paid upon transfer of ownership. The acquisition is being funded using own cash funds and new credit agreements. The current management of GW Plastics will remain with the business. For the year ended December 31, 2019, GW Plastics had revenue of SEK 1.8 billion and an EBITA margin of around 7%. The transaction is subject to US regulatory approvals. The transaction is expected to be completed in September 2020. The acquisition is expected to result in marginal boost to Nolato’s earnings per share for the current year.