Duratec Completely acquire Wilson’s Pipe Fabrication
- Duratec (DUR) signs a share purchase agreement to wholly-acquire Wilson’s Pipe Fabrication (WPF) for a maximum sale price of $18 million
- The acquisition is a milestone in the company’s strategic plan to grow the business through complementary business acquisitions
- The platform expects the acquisition to be complete around mid-October
- Initial consideration payments to WPF will be funded through the company’s existing cash reserves and any payment made under the earn-out consideration will be funded through existing cash reserves, equity or debt
- Shares in the company are up 2.35 per cent, trading at 43.5 cents as of 2:28 pm AEST
