REG - Norcros PLC - Completion of Acquisition of Grant Westfield

NorcrosAnnouncement

31/05/2022 13:15

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RNS Number : 4290N  Norcros PLC  31 May 2022

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:

 Norcros plc                            Tel: 01625 547 700
 Nick Kelsall, Chief Executive Officer
 James Eyre, Chief Financial Officer

 Hudson Sandler                         Tel: 0207 796 4133
 Nick Lyon and Sophie Miles

 

 

 

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