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ADF GROUP INC. PROVIDES AN UPDATE FOLLOWING THE ACQUISITION OF LAR GROUP INC.
ADF GROUP INC. PROVIDES AN UPDATE FOLLOWING THE ACQUISITION OF LAR GROUP INC. Canada News...
About this update from Adf Group Inc.
[{"type":"text","content":"\n\n\nADF GROUP INC. PROVIDES AN UPDATE FOLLOWING THE ACQUISITION OF LAR GROUP INC.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n\n\n\n\n\nCanada NewsWire\n\n\nHIGHLIGHTS(All amounts are in Canadian dollars unless otherwise indicated.)\nTransaction closed on September 18, 2025.The consideration paid consists of a purchase price of $19 million, plus a closing adjustment related to certain working capital expenses totaling $1.4 million.ADF aims to double, by January 31, 2027, Groupe LAR's order backlog(1), which reached $104 million as at July 31, 2025.To support the anticipated growth, ADF plans to invest more than $35 million over the next 24 months at Group LAR's main plant.TERREBONNE, QC, Oct. 29, 2025 /CNW/ - ADF GROUP INC. (\"ADF\" or the \"Corporation\") (TSX: DRX) has completed the acquisition of Groupe LAR Inc. (\"LAR\") on September 18, 2025 (the \"Transaction\"). The consideration paid by ADF as part of the Transaction consists of a purchase price of $20.4 million, including a closing adjustment related to certain working capital expenses, paid as follows: (i) a cash amount of $16.4 million, including the $1.4 million closing adjustment, and (ii) the issuance of 449,944 of the Corporation's Subordinate Voting Shares, representing the equivalent of $4 million in the Corporation's Subordinate Voting Shares on the average closing price of the Corporation's shares on the Toronto Stock Exchange during the 5 trading days preceding August 29, 2025. ADF paid the consideration in cash from its available cash.\n\n\n\n\n\n\n\nEstablished in 1942 and based in Métabetchouan in the Saguenay-Lac Saint-Jean region, in Quebec, LAR operates in the machining, welding, and industrial mechanics sectors. LAR is a Canadian leader i...