Fri 06/25/2021 13:24 PM
German rigid plastic producer Paccor boosted its depleted liquidity when it raised an add-on in May to fund the acquisition of Miko Pac. The company, however, continued to burn cash in April and its profitability remains under pressure from rising raw material prices across the plastic packaging sector, exposure to food segments hit by the home-working trend and rising demand for sustainable packaging, sources told Reorg.
Sales for April totaled €47.5 million, beating both the €45.1...
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