Devro

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The board of Scottish meat casings firm Devro announced a takeover agreement has been reached with a company owned by one of Germany's richest families. The deal with Bidco is for a cash acquisition of the entire issued valued at approximately £540 million on a fully diluted basis, implying an

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Scottish sausage-skin and food casings producer Devro has appointed Rohan Cummings as chief financial officer and chief executive director. Mr Cummings takes over from Jackie Callaway, who announced this summer that she was leaving the group to take up her new role at Coats Group.

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