MBH18 Feb 2019 07:23
Taking an acquisition is usually a good sign, but having make an impact on day one!!!!! Gotta be good
Michelmersh, the specialist brick manufacturer, is pleased to announce that it has acquired the entire issued share capital of Floren & Cie ("Floren"), an established, profitable clay brick manufacturing business, for a maximum consideration of EUR 9.9 million (the "Acquisition"). The Acquisition is expected to be immediately earnings enhancing for the Group.