TimeTech divests its Polish subsidiary

Polymer based product company Time Technoplast announced that the company has divested its Poland subsidiary Novo Tech, which is mainly engaged in manufacture of anti spray flaps and some entrance mattings to a Poland based private equity fund.  The move is part of restructuring its overseas business. This would also include 100% subsidiary of Novo Tech i.e Grass Tech, Romania with overlapping product range. Nova Tech has been valued at €11 millions.