Filta Group has announced the acquisition of UK-based Grease Management Ltd (“GMG”) for a total consideration of approximately £1.1m, which generated historical revenues of £1.3m. The acquisition should enhance Filta’s UK company-owned business through increased scale, cross-selling opportunities and cost synergies. The acquisition will be funded through cash and is expected to be earnings enhancing. BUY.
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Effective Capital Allocation
- Published:
22 Aug 2017 -
Author:
Cavendish Research -
Pages:
5
Filta Group has announced the acquisition of UK-based Grease Management Ltd (“GMG”) for a total consideration of approximately £1.1m, which generated historical revenues of £1.3m. The acquisition should enhance Filta’s UK company-owned business through increased scale, cross-selling opportunities and cost synergies. The acquisition will be funded through cash and is expected to be earnings enhancing. BUY.