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Electrocomponents acquires Liscombe for £11m
StockMarketWire.com
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Industrial and electronics products maker Electrocomponents said it had acquired Liscombe, a supplier of high-risk hand protection and PPE products, for £11 million.
The combination would enable the group to capture a 'greater share of wallet with existing customers and establish a meaningful presence in a product category in which we anticipate attractive underlying growth over the long term,' the company said.
The £11 million consideration would be financed out of the company's existing debt facilities.
Story provided by StockMarketWire.com
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