Kabra Extrusion Technik provides business update for Gloucester Engineering Co., USA

Gloucester Engineering Co., USA sells its blown film business

Kabra Extrusion Technik announced that the Company (KET) holds minority stake in Gloucester Engineering Co., USA (GEC) which has sold its blown film business to M/s. Davis-Standard LLC, USA. The joint press release by them is attached. Implication of this deal on KET will be known on receipt of further details from GEC.

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