Noiro deal comes to close

- Last updated on GMT

Related tags: Business, Sales, Corporation

The deal announced in early September for the sale of Noiro, the
cosmetics and detergent business of Finnish healthcare specialist
Orion Corporation, to funds managed/advised by CapMan was closed
today.

The deal announced​ in early September for the sale of Noiro, the cosmetics and detergent business of Finnish healthcare specialist Orion Corporation, to funds managed/advised by CapMan was closed today.

The closing of the deal had been subject to the approval of the Finnish Competition Authority. According to a statement today, the price of the transaction was over €100 million.The deal includes all the business operations and the related assets and liabilities of Noiro​ and its subsidiaries.

Noiro's 2002 net sales totalled €135.3 million and operating profit €9.8 million. All the 850 employees are joining the new company under the current terms of employment.

The operations will continue under the name Noiro Ltd.

Related topics: Business & Financial

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