Porvair PLC Acquisition of Dahlman Industrial Group B.V. (3216L)
05 Septiembre 2019 - 01:01AM
UK Regulatory
TIDMPRV
RNS Number : 3216L
Porvair PLC
05 September 2019
For immediate release 5 September 2019
Porvair plc ("Porvair" or "The Group")
Acquisition of Dahlman Industrial Group B.V.
Porvair, the specialist filtration and environmental
technologies group, is pleased to announce the acquisition of
Dahlman Industrial Group B. V. ("Royal Dahlman"), a Dutch
industrial filtration business, trading as Royal Dahlman, for a
total cash consideration of EUR7.75 million.
The Group acquired 100 per cent of the share capital of Royal
Dahlman, which reported revenue of EUR14.2 million in the year
ended 31 December 2018.
Royal Dahlman is based in Maassluis and Elsloo and specialises
in industrial filtration with particular expertise in petrochemical
filtration engineering.
Royal Dahlman will continue to operate from its existing
premises and will be integrated into the Group's Aerospace &
Industrial division. It is expected to be earnings accretive
following integration in 2020.
Commenting on the acquisition, Ben Stocks, Chief Executive,
said:
Royal Dahlman brings engineering expertise in petrochemical
emissions control applications where regulations are expected to
tighten. It also has excellent routes to market in Benelux and
Northern Europe for industrial filtration through which the
combined business can offer a much wider product range. Royal
Dahlman has a strong and experienced management team who will lead
the Group's expansion in Europe.
Market Abuse Regime
The information contained within this announcement is deemed by
Porvair to constitute inside information as stipulated under the
Market Abuse Regulation. Upon the publication of this announcement
via a regulatory information service, this inside information is
now considered to be in the public domain.
For more information, contact:
Porvair plc
Ben Stocks, Chief Executive 01553 765 500
Chris Tyler, Group Finance Director 01553 765 500
Buchanan Communications 0207 466 5000
Charles Ryland /Stephanie Watson
Notes to Editors
Porvair is a group of specialist filtration, separation and
environmental technologies businesses. Its products are used in a
range of niche filtration and separation markets, and are derived
from its expertise in the design and manufacture of filtration and
separation systems. It is organised into three divisions: Aerospace
& Industrial; Laboratory; and Metal Melt Quality.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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