Oct 1 (Reuters) - Duni AB DUNI.ST :
* COMPLEMENTARY ACQUISITION IN CUSTOMIZED SUSTAINABLE PACKAGING SOLUTIONS IN AUSTRALIA
* SUBSIDIARY BIOPAK PTY LTD ACQUIRES 100% OF HORIZONS SUPPLY PTY LTD FROM ENTREPRENEURS ANDREW BURGESS AND DOV BRENER
* PURCHASE PRICE IS APPROXIMATELY SEK 40 M FOR 100% OF COMPANY AND IS COVERED WITHIN EXISTING LOAN FACILITIES
* 80% OF PURCHASE PRICE WILL BE PAID ON ACQUISITION DATE AND 20% WILL BE PAID AS AN ADDITIONAL PAYMENT ON OCTOBER 1 2020
* ACQUISITION WILL BE REPORTED WITHIN BUSINESS AREA NEW MARKETS IN DUNI AS FROM OCTOBER 1 2019
* HORIZONS' ANNUAL TURNOVER IS APPROXIMATELY SEK 60 M WITH AN OPERATING MARGIN IN LINE WITH DUNI'S FINANCIAL TARGETS
* HORIZONS EMPLOYS SIX EMPLOYEES AND HAS ITS OFFICE IN MELBOURNE