CORRECT: Rosebank completes acquisition of CPM amid Main Market move

(Correcting the day of Rosebank's announcement)

(Alliance News) - Rosebank Industries PLC on Tuesday said it had completed the acquisition of ASP CPM Holdings Inc.

The London-based takeover vehicle is focused on industrial and manufacturing firms whose performance Rosebank thinks it can improve, similar to FTSE 100 constituent Melrose Industries PLC.

Back in March, Rosebank reported that it had agreed to buy ASP MWI Holdings Inc, including subsidiaries under the MWI Components brand, and ASP CPM Holdings Inc.

Both are managed by private equity firm American Securities LLC, with the deal reflecting enterprise values of USD950 million and USD2.1 billion for MWI Components and CPM respectively.

Rosebank noted CPM's pro forma revenue as USD713 million in financial 2025, and described the company as a "leader in highly engineered processing equipment used in oilseed, animal feed production, renewable energy, plant‑based foods and industrial materials."

It said the deal implied an acquisition multiple of approximately 12 times 2025 earnings before interest, tax, depreciation and amortisation, and that CPM's leverage was "materially reduced" upon completion.

Talks are planned with CPM's previous owner for an earn-out, with Rosebank noting that profit performance to-date and CPM's forecast for financial 2026 are both in line with expectations.

Rosebank Chief Executive Simon Peckham said: "CPM fits squarely within Rosebank's proven 'Buy, Improve, Sell' model and we look forward to working with the CPM team to realise the full potential of the business."

In order to fund its acquisition plans, Rosebank in March said it would seek new debt facilities, alongside undertaking a GBP1.9 billion capital raise at 330 pence per share and a separate retail offer at the same price.

The company added on Tuesday that it expects to complete the takeover of MWI Components in the next few weeks.

This comes as Rosebank prepares to move to London's Main Market from AIM. It said in March that this would take effect between May 1 and 31. Joining the Main Market would make the company eligible for a spot in the FTSE 250 index, given its current market capitalisation of approximately GBP3.57 billion.

Rosebank shares rose 0.2% to 356.67p on Wednesday afternoon in London, but are down 41% over the past year.

By Holly Munks, Alliance News reporter

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