Why Saria Is Buying Devro (DEVOY) For £540 Million

By Amit Chowdhry ● Nov 27, 2022
  • Devro announced it is being acquired by Saria for £540 million. This is why.

Devro, a Scotland-based sausage skin company, announced it is being acquired by Saria for £540 million. These are the details.

Devro said that the deal with Saria was attractive and it valued the company at about 65% more than the closing price as of Thursday.

Saria has a subsidiary that also makes sausage casings and they use Devro products in Brazil. The combined business is expected to have an enhanced product offering and it will have a more diversified group of scale. Going forward, the combined companies plan to accelerate long-term sustainable growth.