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Indutrade acquires Young Black Ltd
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2017-06-29
Indutrade entered into an agreement with the intention to acquire all of the shares in Young Black Industrial Stapling Ltd (www.youngblack.co.uk), with annual sales of approximately GBP 10 million.
Young Black is a technology sales company selling a wide range of fastening products, pneumatic tools, compressors, hoses and couplings to British industry and construction companies.
Possession is expected to take place in mid July 2017. The company will be part of Indutrade’s Special Products business area.
The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.
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