Viscofan buys Nitta Casings for $13.5 million (EV / EBITDA of 9.0x)
The purchase of casing collagen division from the Japanese Group Nitta Gelatin Inc. by Spanish group Viscofan (VIS:SM) will be made via debt for 10.7 million dollars and in cash for 2.8 million dollars. The price paid corresponds to an EV / EBITDA of 9.0x.