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Exel Composites closes transaction to acquire Diversified Structural Composites

2.5.2018 10:00 EET

EXEL COMPOSITES PLC                    INVESTOR NEWS                    2 May 2018 at 10:00 EET

Exel Composites Plc has closed the transaction to acquire 100% of the shares in Diversified Structural Composites, Inc. (“DSC”), a composites company based in the United States of America. The unit is consolidated into Group accounts as of 1 May 2018. The acquisition was announced in a stock exchange release on 23 April 2018.

Vantaa, 2 May 2018                     

Exel Composites Plc

Riku Kytömäki
President and CEO

For further information, please contact:

Riku Kytömäki, President and CEO
tel. +358 50 511 8288
riku.kytomaki@exelcomposites.com

Mikko Kettunen, CFO
tel. +358 50 347 7462
mikko.kettunen@exelcomposites.com

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Exel Composites Oyj, Vantaa head office, Mäkituvantie 5, FI-01510 Vantaa, Finland