Porvair buys Royal Dahlman for €7.75m
StockMarketWire.com - Filtration and environmental technologies group Porvair said it had acquired 100% of Dutch industrial filtration business Royal Dahlman for a cash consideration of €7.75m.
Based in Maassluis and Eisloo, Royal Dahlman reported revenue of €14.2m in the year ended 31 December 2018.
Royal Dahlman would continue to operate from its existing premises and would be integrated into the group's Aerospace & Industrial division. It was expected to be earnings accretive following integration in 2020.
'Royal Dahlman brings engineering expertise in petrochemical emissions control applications where regulations are expected to tighten. It also has excellent routes to market in Benelux and Northern Europe for industrial filtration through which the combined business can offer a much wider product range. Royal Dahlman has a strong and experienced management team who will lead the group's expansion in Europe,' said chief executive Ben Stocks.
At 8:08am: (LON:PRV) Porvair PLC share price was +15p at 581p
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