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Norcros plc announced the completion of its acquisition of Granfit Holdings Limited ("Grant Westfield") on May 31, 2022. This action follows the company's announcement of the proposed acquisition on May 11, 2022, and a subsequent announcement of shareholder approval on May 30, 2022.
| Date | 31 May 2022 |
| Time | 13:01:02 |
| Category | Acquisitions and alliances |
| ID | 4290N |
Norcros plc
("Norcros")
Completion of Acquisition of Grant Westfield
Further to the announcement on 11 May 2022 of the proposed acquisition of Granfit Holdings Limited ("Grant Westfield") and the announcement yesterday of the result of the General Meeting and shareholder approval for the Acquisition, Norcros is pleased to announce Completion of the Acquisition.
All words and expressions which are detailed in the circular issued to Norcros shareholders on 12 May 2022 ("Circular") shall, when used in this announcement, bear the meanings respectively ascribed to them in the Circular.
Commenting on the Acquisition, Nick Kelsall, Chief Executive Officer, said:
"The acquisition of Grant Westfield is a compelling strategic and financial addition to the Group. Its products will broaden the Group's bathroom product offer as well as providing a number of meaningful growth opportunities. I look forward to working with Sarah Law and her team to grow and develop the Grant Westfield business further, both in the UK and internationally."
Further enquiries:
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Norcros plc |
Tel: 01625 547 700 |
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Nick Kelsall, Chief Executive Officer |
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James Eyre, Chief Financial Officer |
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Hudson Sandler |
Tel: 0207 796 4133 |
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Nick Lyon and Sophie Miles |
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