Following the acquisition of Ecodek in early November, Epwin has announced the acquisition of Stormking for an initial consideration of c. £27.0m equating to 6x EBITDA on current year expectations. The cost will be satisfied through a combination of debt (75%) and equity (25%) that is to be issued to the vendors of the business. Strategically, the acquisition adds to the low maintenance building products portfolio, offers cross selling opportunity into the RMI sector and introduces new

04 Jan 2016
10% earnings accretion on strategic acquisition

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10% earnings accretion on strategic acquisition
Epwin Group PLC (EPWN:LON) | 118 0 0.0% | Mkt Cap: 160.5m
- Published:
04 Jan 2016 -
Author:
Andy Hanson -
Pages:
9 -
Following the acquisition of Ecodek in early November, Epwin has announced the acquisition of Stormking for an initial consideration of c. £27.0m equating to 6x EBITDA on current year expectations. The cost will be satisfied through a combination of debt (75%) and equity (25%) that is to be issued to the vendors of the business. Strategically, the acquisition adds to the low maintenance building products portfolio, offers cross selling opportunity into the RMI sector and introduces new