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Bids, Mergers and Takeovers

Norcros acquires Abode Home Products Ltd

01 April 2016 07:42

Norcros has completed the acquisition of Abode Home Products Ltd for a total consideration of GBP4.8m, of which GBP3.9m has been settled in cash and GBP0.9m is payable in the year to March 31, 2019.

The acquisition has been funded entirely by debt through existing facilities. The Board expects the transaction to be earnings enhancing immediately.

Story provided by StockMarketWire.com

Related Company: NXR

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