SIG PLC
21 November 2005
ACQUISITION UPDATE
SIG plc, the leading supplier of specialist materials to the building and
construction industries, announces that it has completed six acquisitions since
publishing its Interim Results on 14 September 2005.
Five of these acquisitions have been made in the UK with combined annualised
sales of around £57m, split across the roofing and specialist construction
products divisions. In addition a commercial interiors business in Germany with
annualised sales of c. £5 million has being acquired. In total these six
acquisitions add a further 41 trading sites to the Group. Total consideration
including assumed debt amounts to £41m.
As a result, the total number of acquisitions completed by the Group in the
calendar year 2005 to date is 17, adding annualised sales of £138m and 62
additional trading sites. The Group now has a total number of trading sites of
481.
The total acquisition consideration so far in 2005 amounts to £103m including
assumed debt.
Enquiries:
David Williams Chief Executive, SIG plc 0114 285 6300
Gareth Davies Finance Director, SIG plc 0114 285 6300
Faeth Birch Finsbury Group 020 7251 3801
Gordon Simpson
This information is provided by RNS
The company news service from the London Stock Exchange
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