Viscofan (ES:VIS) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Viscofan has strategically expanded its market presence by purchasing a 60% stake in two Brazilian companies, Brasfibra and Master Couros, for 88 million BRL. These acquisitions are expected to enhance Viscofan’s portfolio with Brasfibra’s expertise in high-quality collagen products and Master Couros’s specialization in bovine hide treatment. The combined proforma turnover of the entities for 2023 was 55 million BRL, with an EBITDA of 20 million BRL, indicating a strong financial addition to Viscofan’s operations.
For further insights into ES:VIS stock, check out TipRanks’ Stock Analysis page.
