REG - Rosebank Industries - Completion of ASP CPM Holdings, Inc. Acquisition

ROSEBANK INDUSTRIESAnnouncement

Tue 16:45

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RNS Number : 8762D  Rosebank Industries PLC  11 May 2026

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE
AN OFFER FOR SALE OF ANY SECURITIES OR AN OFFER OR INVITATION TO PURCHASE ANY
SECURITIES IN ANY JURISDICTION OR A SOLICITATION OF ANY VOTE OR APPROVAL.

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12 May 2026

ROSEBANK INDUSTRIES PLC

("ROSEBANK" OR THE "COMPANY")

 

COMPLETION OF ASP CPM HOLDINGS, INC. ("CPM") ACQUISITION

 

Further to the announcement on 3 March 2026, Rosebank is pleased to announce
it has successfully completed the acquisition of CPM. All conditions have been
satisfied, or, if applicable, waived.

 

As announced on 3 March 2026, CPM has been acquired for an enterprise value 1 
(#_ftn1) of approximately $2.1 billion, implying an acquisition multiple of
approximately 12x 2025 EBITDA 2  (#_ftn2) . At completion, CPM's leverage was
materially reduced, freeing up significant cashflow and enabling further
investment.

 

Discussions with the CPM Seller on the earn-out will commence post-completion.
Profit performance to date and the CPM Group's forecast for its 2026 financial
year are both in line with our expectations.

 

CPM is an innovative leader in highly engineered processing equipment used in
oilseed, animal feed production, renewable energy, plant-based foods and
industrial materials, holding market leading positions in the relevant
industries in which it operates and deep relationships with blue-chip
customers.

 

Rosebank also expects to complete the acquisition of MW Components in the next
few weeks and will make a further announcement at that time.

 

Simon Peckham, Chief Executive of Rosebank Industries plc, today said:

 

"We are pleased to have completed the acquisition of CPM, a high-quality
business with strong market positions and substantial scope for further value
creation. CPM fits squarely within Rosebank's proven 'Buy, Improve, Sell'
model and we look forward to working with the CPM team to realise the full
potential of the business."

 

ENDS

 

Enquiries:

 

Rosebank Industries plc               Via Montfort
Communications

Simon Peckham                               Chief Executive

Liam Butterworth                            Chief
Operating Officer

Matthew Richards                           Group
Finance Director

 

Montfort Communications

Nick Miles
 
+44 (0) 7739 701 634, miles@montfort.london (mailto:miles@montfort.london)

Charlotte McMullen                       +44 (0) 7921 881
800, mcmullen@montfort.london (mailto:mcmullen@montfort.london)

 

Investor Relations

Chris Dyett
                +44 (0) 7974 974 690, ir@rosebankindustries.com
(mailto:ir@rosebankindustries.com)

 

 

Capitalised terms used but not otherwise defined in this announcement have the
meanings given to them in the Company's announcement dated 3 March 2026,
unless the context provides otherwise.

 

Important information

This announcement includes statements that are, or may be deemed to be,
'forward-looking statements'. These forward-looking statements can be
identified by the use of forward-looking terminology, including the terms
'believes', 'estimates', 'plans', 'projects', 'anticipates', 'expects',
'intends', 'may', 'will', or 'should', or, in each case, their negative or
other variations or comparable terminology. All forward-looking statements
address matters that involve risks and uncertainties. Accordingly, there are
or will be important factors that could cause the Group's actual results to
differ materially from those indicated in these statements. Any
forward-looking statements in this announcement reflect the Company's current
views, intentions, beliefs or expectations with respect to future events and
are subject to these and other risks, uncertainties and assumptions relating
to the Group's operations, results of operations, growth strategy and
liquidity. These forward-looking statements speak only as at the date of this
announcement. Subject to any applicable obligations, the Company undertakes no
obligation to update publicly or review any forward-looking statement, whether
as a result of new information, future developments or otherwise.

 

 

 1  (#_ftnref1) Excludes additional potential earn-out subject to the
achievement of certain FY26 performance thresholds for CPM.

 2  (#_ftnref2) Refers to adjusted earnings before interest, tax, depreciation
and amortisation for the CPM Group's latest financial year-end.

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