Completion of ASP CPM Holdings, Inc. Acquisition

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER FOR SALE OF ANY SECURITIES OR AN OFFER OR INVITATION TO PURCHASE ANY SECURITIES IN ANY JURISDICTION OR A SOLICITATION OF ANY VOTE OR APPROVAL.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

12 May 2026

ROSEBANK INDUSTRIES PLC

("ROSEBANK" OR THE "COMPANY")

COMPLETION OF ASP CPM HOLDINGS, INC. ("CPM") ACQUISITION

Further to the announcement on 3 March 2026, Rosebank is pleased to announce it has successfully completed the acquisition of CPM. All conditions have been satisfied, or, if applicable, waived.

As announced on 3 March 2026, CPM has been acquired for an enterprise value[1] of approximately $2.1 billion, implying an acquisition multiple of approximately 12x 2025 EBITDA[2]. At completion, CPM's leverage was materially reduced, freeing up significant cashflow and enabling further investment.

Discussions with the CPM Seller on the earn-out will commence post-completion. Profit performance to date and the CPM Group's forecast for its 2026 financial year are both in line with our expectations. 

CPM is an innovative leader in highly engineered processing equipment used in oilseed, animal feed production, renewable energy, plant-based foods and industrial materials, holding market leading positions in the relevant industries in which it operates and deep relationships with blue-chip customers.

Rosebank also expects to complete the acquisition of MW Components in the next few weeks and will make a further announcement at that time.

Simon Peckham, Chief Executive of Rosebank Industries plc, today said:

"We are pleased to have completed the acquisition of CPM, a high-quality business with strong market positions and substantial scope for further value creation. CPM fits squarely within Rosebank's proven 'Buy, Improve, Sell' model and we look forward to working with the CPM team to realise the full potential of the business."

ENDS

Enquiries:

Rosebank Industries plc               Via Montfort Communications

Simon Peckham                               Chief Executive

Liam Butterworth                            Chief Operating Officer

Matthew Richards                           Group Finance Director

Montfort Communications

Nick Miles                                           +44 (0) 7739 701 634, [email protected]

Charlotte McMullen                       +44 (0) 7921 881 800, [email protected]

Investor Relations

Chris Dyett                                          +44 (0) 7974 974 690, [email protected]

Capitalised terms used but not otherwise defined in this announcement have the meanings given to them in the Company's announcement dated 3 March 2026, unless the context provides otherwise.

Important information

This announcement includes statements that are, or may be deemed to be, 'forward-looking statements'. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms 'believes', 'estimates', 'plans', 'projects', 'anticipates', 'expects', 'intends', 'may', 'will', or 'should', or, in each case, their negative or other variations or comparable terminology. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are or will be important factors that could cause the Group's actual results to differ materially from those indicated in these statements. Any forward-looking statements in this announcement reflect the Company's current views, intentions, beliefs or expectations with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the Group's operations, results of operations, growth strategy and liquidity. These forward-looking statements speak only as at the date of this announcement. Subject to any applicable obligations, the Company undertakes no obligation to update publicly or review any forward-looking statement, whether as a result of new information, future developments or otherwise.