Indutrade’s acquisition of Young Black Ltd completed
As announced in a press release on 22 June, Indutrade carried out the acquisition of all shares in Young Black Industrial Stapling Ltd (www.youngblack.co.uk), with annual sales of approximately GBP 10 million.
Young Black is a technology sales company selling a wide range of fastening products, pneumatic tools, compressors, hoses and couplings to British industry and construction companies.
Possession of the company takes place today and Young Black will be part of Indutrade’s Special Products business area.
The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.
Stockholm, 14 juli 2017
INDUTRADE AB (publ)