Versarien recently announced the purchase of AAC Cyroma, a specialist plastic manufacturer, for about £1.4m to establish a dedicated graphene plastic manufacturing factory. Using Versarien's graphene manufacturing capabilities and AAC Cyroma's knowledge, plant and equipment, the acquisition will aim to enable the company to produce graphene-enhanced products, including automotive-related original equipment.
Versarien also bought The Breakfast Club 2000, a non-trading holding company which owns 85% AAC Cyroma's shares and the remaining 15% was bought from an individual, and together the shares will be admitted to AIM.
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Posted: Nov 16,2016 by Roni Peleg