Release date- 22062017 - Indutrade today entered into an agreement with the intention to acquire all of the 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 is expected to take place in mid July 2017. The company 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, 22 June 2017 INDUTRADE AB (publ)
Indutrade acquires Young Black Ltd About Indutrade Indutrade is an international industrial group that sells high-tech products and solutions helping customers to improve their own products as well as streamline their own production processes. We are growing steadily through acquisitions of well managed and profitable companies