HellermannTyton looks to expand manufacturing
HellermannTyton is reportedly planning a London listing to raise €35 million ($45.5 million USD) to finance company growth.
The London Evening Standard's Business section reports that "cabling products-maker HellermannTyton is planning a London listing at the end of this month to raise €35 million [$45.5 million USD] to finance its growth." The company reportedly wants to increase its manufacturing space by 40%, and said a new stock offering will comprise new and existing shares. Hellermann’s private-equity owner Doughty Hanson will reportedly sell some of its stake.
Full Story:Cabling firm HellermannTyton to tie down €35 million listing (www.standard.co.uk)
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