Brief: Reliance Worldwide Corporation Says To Buy Holman Industries For A$160 Mln

Reliance Worldwide

13/02/2024 01:36

Feb 13 (Reuters) - Reliance Worldwide Corporation Ltd
 RWC.AX :
    * RWC TO ACQUIRE HOLMAN INDUSTRIES
    * ENTERED AGREEMENT TO ACQUIRE HOLMAN INDUSTRIES BUSINESS
FOR
A$160 MLN
    * DEAL FOR A$160 MLN
    * EXPECTS ACQUISITION OF HOLMAN WILL BE EPS ACCRETIVE FROM
FIRST
FULL YEAR OF OWNERSHIP
    * ACQUISITION WILL BE DEBT FUNDED UTILISING RWC'S EXISTING
COMMITTED BORROWING FACILITIES
    * ACQUISITION OF HOLMAN EXPECTED TO DOUBLE RWC'S ANNUAL NET
EXTERNAL SALES IN ASIA PACIFIC REGION TO ABOUT A$360 MLN

Source text for Eikon:  ID:nASX30KGT7 
Further company coverage:  RWC.AX 

 ((Reuters.Briefs@thomsonreuters.com;))