2 December 2013 – acquisition
The group has announced the acquisition of SC Feeds, a leading animal feeds manufacturer, for up to £6.75m. The consideration will be satisfied with an initial payment of £6.0m in cash with up to £0.75m of additional consideration to be satisfied by the issue of new ordinary shares in NWF. The deal is expected to be earnings enhancing in its first full year and is part of the group’s strategy towards focusing on agriculture and meeting the needs of farmers in the UK. The shares remain a BUY.