Italcementi unit buys Verticalnet

Italcementi unit buys Verticalnet
29 October 2007

Italian cement company Italcementi said on Friday its unit BravoSolution has agreed to buy U.S. supply management solutions firm Verticalnet in an all-cash offer worth $15.2 million including debt.

BravoSolution will buy all of Verticalnet’s shares for $2.56 a share, Italcementi said in a statement.

The two companies will later merge to form a group with annual sales of $60 million, it said.
Published under Cement News