Franchise Brands has announced the acquisition of Willow Pumps (Willow), a leading water pump supply, installation and servicing business, for an initial consideration of £5m (net of £0.7m non-trading cash) payable in cash and shares with a performancebased deferred consideration of up to £7.5m. Willow is not a franchise business but is highly complementary to the activities of Metro Rod and Metro Plumb, significantly extending the services that these businesses can offer. T
07 Oct 2019
Earnings enhancing acquisition of Willow Pumps
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Earnings enhancing acquisition of Willow Pumps
Franchise Brands plc (FRAN:LON) | 196 -1 (-0.3%) | Mkt Cap: 380.8m
- Published:
07 Oct 2019 -
Author:
Ian Jermin -
Pages:
11
Franchise Brands has announced the acquisition of Willow Pumps (Willow), a leading water pump supply, installation and servicing business, for an initial consideration of £5m (net of £0.7m non-trading cash) payable in cash and shares with a performancebased deferred consideration of up to £7.5m. Willow is not a franchise business but is highly complementary to the activities of Metro Rod and Metro Plumb, significantly extending the services that these businesses can offer. T