Share Name Share Symbol Market Type Share ISIN Share Description
Latham (james) Plc LSE:LTHM London Ordinary Share GB00B04NP100 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 635.00 600.00 670.00 635.00 635.00 635.00 1,473 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 235.1 15.4 63.1 10.1 126

Latham(James) PLC Acquisition

25/11/2019 7:00am

UK Regulatory (RNS & others)


Latham (james) (LSE:LTHM)
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RNS Number : 4332U

Latham(James) PLC

25 November 2019

James Latham plc

("James Latham" or "the Company")

Acquisition

James Latham is pleased to announce that it has acquired the entire issued share capital of Dresser Mouldings (Rochdale) Limited ("Dresser"), a specialised processor of timber and cladding products.

The Company has acquired Dresser for GBP1 million. The consideration will be satisfied in cash from the Company's existing resources. For the year ended 31 December 2018, the turnover of Dresser was GBP2.3 million and EBITDA was GBP276k.

Founded in 2009, Dresser specialises in the processing and vacuum coating of bespoke timber products, the production of timber mouldings and other specialist timber machining for use in a variety of market segments. Dresser operates from its site in Rochdale and via an online store.

Commenting on the acquisition, Nick Latham, Chairman of James Latham, said "We are delighted to have acquired Dresser which will allow us to increase our offering in processed timber. We have worked together with Dresser for many years on some fantastic projects producing innovative solutions for architects. We have first-hand experience of the quality of their work and the in-depth knowledge of the staff at Dressers which is necessary for delivering these complicated projects. We see a great opportunity to further grow and develop our products in this area. We look forward to working with the Dresser team and welcome them to the Latham family."

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014.

For further information please visit www.lathams.co.uk or contact:

 
 James Latham plc                                Tel: 01442 849 100 
 Nick Latham, Chairman 
 David Dunmow, Finance Director 
 
 
 SP Angel Corporate Finance LLP 
 Matthew Johnson / Charlie Bouverat (Corporate   Tel: 0203 470 0470 
  Finance) 
 Abigail Wayne (Corporate Broking) 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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November 25, 2019 02:00 ET (07:00 GMT)

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