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BRIEF-AstroNova Strengthens its Position in the Color Digital Package Printing Market with the Acquisition of MTEX NS
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BRIEF-AstroNova Strengthens its Position in the Color Digital Package Printing Market with the Acquisition of MTEX NS
May 9, 2024 5:30 AM

May 9 (Reuters) - AstroNova Inc ( ALOT ):

* ASTRONOVA STRENGTHENS ITS POSITION IN THE COLOR DIGITAL

PACKAGE

PRINTING MARKET WITH THE ACQUISITION OF MTEX NS

* ASTRONOVA INC ( ALOT ): PROPOSED DEAL FOR ENTERPRISE VALUE OF EUR

24.3

MILLION

* ASTRONOVA INC ( ALOT ): EXPECTS DEAL TO ADD $8 MILLION TO $10

MILLION IN

REVENUE THIS FISCAL YEAR

* ASTRONOVA INC ( ALOT ) - TRANSACTION WAS FUNDED WITH BORROWINGS

FROM AN

AMENDED VERSION OF COMPANY'S EXISTING SENIOR BANK DEBT

FACILITIES.

Source text for Eikon:

Further company coverage:

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