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

ROSEBANK INDUSTRIESAnnouncement

28/05/2026 15:45

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RNS Number : 1135G  Rosebank Industries PLC  28 May 2026

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28 May 2026

ROSEBANK INDUSTRIES PLC

("ROSEBANK" OR THE "COMPANY")

 

COMPLETION OF ASP MWI HOLDINGS, INC. ("MW COMPONENTS") ACQUISITION AND UPDATE
ON IMPROVEMENT PLANS FOR MW COMPONENTS AND CPM

 

Further to the announcement on 3 March 2026, Rosebank is pleased to announce
it has successfully completed the acquisition of MW Components. All conditions
have been satisfied, or, if applicable, waived. This means that Rosebank has
now fully completed the acquisitions of CPM and MW Components.

 

·    As announced on 3 March 2026, MW Components has been acquired for an
enterprise value of approximately $950 million, implying an acquisition
multiple of approximately 10x 2025 EBITDA 1  (#_ftn1)

·    At completion, MW Components' leverage was materially reduced,
freeing up significant cashflow and enabling further investment

·    Integration and improvement plans across both MW Components and CPM
are now being put into effect. Key initiatives include:

o  an initial restructuring of head office and divisional costs for both MW
Components and CPM, which will result in those costs reducing by over $25
million within the next 12 months

o  the closure of MW Components' Charlotte head office, announced today

o  the planned separation of MW Components into three standalone businesses -
Fasteners, Springs, and Precision Components

o  the simplification of CPM's organisation, including moving all aftermarket
activities under a unified leadership structure and the elimination of the
Process Solutions division

o  approval of a planned $14 million capital expenditure for investment into
the MW Components Fasteners Addison facility

o  plans for the replacement of the CPM CEO, which are at an advanced stage

 

 

 

MW Components is a manufacturer of highly engineered, bespoke fasteners,
springs and precision metal components, wholly based in the United States. MW
Components operates in technically demanding niches where precision
manufacturing and application expertise create high barriers to entry and
benefits from long-standing customer relationships across a blue-chip customer
base.

 

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

 

"We are pleased to have completed the acquisition of MW Components. We are now
focused on delivering improvements across MW Components and CPM and are
confident that successful execution of our strategy will create substantial
value for shareholders over the coming years."

 

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) Refers to adjusted earnings before interest, tax, depreciation
and amortisation for the MW Components Group's latest financial year-end.

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