Business
Completion of Dunlop Flooring Acquisition
Completion of Dunlop Flooring Acquisition.
About this update from Victoria Plc
[{"type":"text","content":"\n \nRNS Number : 6961V Victoria PLC 01 February 2017 \n\nFor Immediate Release 1 February 2017 \nThe information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\nVictoria PLC\n('Victoria' or the 'Group')\nCompletion of Dunlop Flooring Acquisition\n \n \nVictoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of innovative floor coverings, is pleased to announce that further to the announcement on 14 December 2016, all the conditions precedent pertaining to the acquisition of Dunlop Flooring (\"Dunlop\"), the Australian underlay and hard wood flooring manufacturer and distributor, have now been duly fulfilled. The acquisition has been funded from Victoria's cash and existing debt facilities. \nGeoff Wilding, Chairman of Victoria PLC, commented:\n\"I am delighted to announce the completion of the acquisition of Dunlop, which complements our existing Australian operations and is in line with our growth strategy of buying profitable and growing flooring businesses that are earnings accretive. We welcome Dunlop to the Victoria Group. The Group continues to look for further earnings accretive acquisitions, particularly in Europe, whilst maintaining our core focus on wealth creation for shareholders.\"\n \nFor more information contact:\n \n\n\n\n\nVictoria PLC \nGeoff Wilding, Chairman\nMichael Scott, Group Finance Director\n\n\n+44 (0) 1562 749 300\n\n\n\n\n \nCantor Fitzgerald Europe (Nominated Adviser and Broker)\nRick Thompson, Phil Davies, Michael Reynolds (Corporate Finance)\nMark Westcott, Casper Shand-Kydd\n(Sales)\n\n\n+44 (0) 20 7894 7000\n\n\n\n\n \nfinnCap (Joint Broker)\nMatt Goode, Grant Bergman\n(Corporate Finance)\nTim Redfern\n(Corporate Broking)\n \nBuchanan Communications (Financial PR) \n...