Victoria has announced the accretive purchases of the assets and business of ceramic tile distributors, Ceramica Colli and Vallelunga, and the shares of ceramic tile manufacturer Ceramiche Santa Maria for a total consideration (on a debt free, cash free basis) of c. €35m, funded from the Group’s existing resources. The acquisitions are an excellent fit with Victoria’s existing Italian operations and will bring important spare capacity to alleviate current production constraints in Italy whilst p ....
21 Apr 2021
Accretive acquisitions
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Accretive acquisitions
Victoria PLC (VCP:LON) | 243 8.5 1.5% | Mkt Cap: 276.4m
- Published:
21 Apr 2021 -
Author:
Richard Hickinbotham -
Pages:
3
Victoria has announced the accretive purchases of the assets and business of ceramic tile distributors, Ceramica Colli and Vallelunga, and the shares of ceramic tile manufacturer Ceramiche Santa Maria for a total consideration (on a debt free, cash free basis) of c. €35m, funded from the Group’s existing resources. The acquisitions are an excellent fit with Victoria’s existing Italian operations and will bring important spare capacity to alleviate current production constraints in Italy whilst p ....