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Last checked at 
4 Feb 2011 12:00
James Latham plc
("James Latham", the "Company")
Potential acquisition
James Latham announces that it is reviewing a potential acquisition of DLH UK Limited, a wholly owned subsidiary of Dalhoff Larsen & Horneman A/S. DLH UK Limited is a supplier of hardwood to the UK market, and James Latham has been their largest customer.
The acquisition is expected to be at net asset value, less certain provisions. There will be no goodwill. DLH UK Limited has gross assets of approximately £6 million.
The Company is currently undertaking due diligence which is anticipated to lead to completion by 28 February 2011.
The Company will provide further details to the market once due diligence has been completed and the transaction is signed.
For Further Enquiries:
James Latham Plc | |
Peter Latham, Chairman | Tel: 01442 849 100 |
David Dunmow, Finance Director | Tel: 01442 849 100 |
Northland Capital Partners Limited | |
Shane Gallwey | Tel: 020 7492 4750 |
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