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MCON Mincon Group Plc

54.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mincon Group Plc LSE:MCON London Ordinary Share IE00BD64C665 ORD EUR0.01 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 54.00 48.00 60.00 54.00 54.00 54.00 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Mng Machy, Eq, Ex Oil Field 170.01M 14.7M 0.0692 7.80 114.74M

Mincon Group Plc Acquisition of Pacific Bit of Canada (5482M)

09/01/2019 7:00am

UK Regulatory


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TIDMMCON

RNS Number : 5482M

Mincon Group Plc

09 January 2019

Mincon Group plc

Acquisition of Pacific Bit of Canada Inc.

Mincon Group plc (ESM: MIO AIM:MCON), the Irish engineering group specialising in the design, manufacture, sale and servicing of rock drilling tools and associated products, advises that it has contracted to acquire the share capital of Pacific Bit of Canada Inc.

Mincon Group plc - Acquisition of Pacific Bit of Canada Inc.

Mincon has contracted to acquire Pacific Bit of Canada Inc., a distribution company based in Vancouver, Canada. A long established and successful business, Pacific Bit distributes mainly mining and construction products in Western Canada. Sales in 2018 were c. C$5.5 million and the business was profitable.

The Pacific Bit team is staying in place to develop the business with the North American team of Mincon, to build revenue and distribution in the coming years and we are pleased to welcome them to the Group. We believe this is an important building block in developing the Group sales into the Canadian market with an excellent local team.

Further

We are prepared to discuss acquisition, partnership and investment with other businesses in suitable geographic territories and relationships, for our key and ancillary products.

ENDS

For further information, please contact:

 
Mincon Group plc 
Joe Purcell - Chief Executive Officer     Tel: +353 (61) 361 099 
Peter E. Lynch - Chief Operating Officer 
 
 
Davy Corporate Finance (Nominated Adviser and ESM Adviser) 
Anthony Farrell                       Tel: +353 (1) 679 6363 
Daragh O'Reilly 
 

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

ACQSSFFMAFUSEDF

(END) Dow Jones Newswires

January 09, 2019 02:00 ET (07:00 GMT)

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