22nd Jan 2024 09:42
Brickability Group PLC - Bridgend, Wales-based distributor of construction materials - Acquires Topek Southern Ltd, paying up to GBP48 million in total. The purchase of Hampshire-based Topek Southern follows Brickability's acquisition of Glasgow-based Group Topek Holdings Ltd back in October. The initial consideration for Topek Southern is GBP27.3 million, composed of GBP17.3 million in cash and GBP10.0 million in shares. Brickability issues 17.1 million shares, equal to 5.7% of its existing total, at 58.5 pence each. Brickability will pay up to an additional GBP20.7 million in deferred consideration, contingent on Topek Southern's business performance over the next three years. Read More
