Nuplex Industries: FY12 Ebitda To Grow Around 10% On Year Including Acquisitions

Resins company Nuplex Industries Ltd. (NPX.NZ) expects a 10% on-year increase in earnings before interest, tax, depreciation and amortization following the announcement of its second large purchase in the 2012 fiscal year, the Auckland-based company said Friday.

Nuplex said in a statement it expects Ebitda for the 12 months to June 30, including the newly purchased operations of Viverso and Masterbatch, to be 10% higher on the year. Excluding the contribution from the two new operations, Ebitda would be approximately in line with the NZ$130.9 million recorded in fiscal 2011, it said.

Nuplex also said it had bought Bayer Material Science's Viverso operations for EUR75 million. The purchase is its second this financial year--it bought Acquos's Masterbatch operations in September.

-By Lucy Craymer, Dow Jones Newswires; +64-4-471-5990; lucy.craymer@dowjones.com

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