Scapa Group first half performance ahead of last year

13th Oct 2015 10:10

(ShareCast News) - Scapa Group said its performance in the first half of the year was ahead of the same period last year and in line with expectations.In a trading update for the six months ended 30 September, the company said that First Water, the healthcare acquisition it made in February, continues to do well and made a positive contribution to the group's performance.In addition, the project announced in April to close its manufacturing facility in Rorschach Switzerland is progressing well and as planned.Scapa, which supplies bonding materials and solutions, said that when complete the project is expected to deliver annualised cost savings of £2m. Further details will be included in the interim results which are due to be announced on 24 November.At 1015 BST, Scapa shares were up 1.7% at 195p.