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Last checked at 
4 Feb 2011 12:00
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James Latham plc
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("James Latham", the "Company")
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Potential acquisition
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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.
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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 Β£6 million.
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The Company is currently undertaking due diligence which is anticipated to lead to completion by 28 February 2011.
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The Company will provide further details to the market once due diligence has been completed and the transaction is signed.
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For Further Enquiries:
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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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