Bufab has agreed to acquire 100 per cent of the shares in Apex Stainless Holdings Limited (Apex Stainless) – a privately-owned UK company, specializing in the distribution of stainless steel fasteners, mainly to UK-based customers. The base purchase price amounts to approximately SEK 310 million on an “enterprise value” basis, of which SEK 13 million is placed in escrow conditional on a stable development in 2016. An additional performance-related purchase consideration of a maximum of SEK 39 million may be paid out in 2017, conditional on improved profit in 2016. The acquisition will close and take effect as of today, and will be reported within Bufab’s segment International.
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via Bufab Group : Bufab acquires Apex Stainless Holdings Limited.