Stovec Industries has entered into the Share Purchase Agreement (SPA) with Veco BV and Atul Sugar Screens on March 14, 2018, for sale of 100% equity investment held by the company in Atul Sugar Screens, a wholly owned subsidiary company. Pursuant to the said SPA, the last date for closing the transaction is May 31, 2018.
Stovec Industries is an India-based company, which is engaged in the development and production of consumables for their use in textile and graphic printing industry.