13 October 2022 - acquisition
The AIM-listed specialist plastic products group has expanded its operations with the purchase of Ecodeck Grids Ltd for consideration of up to £5.6m. This will be satisfied by an initial cash payment of £3.35m and the issue of 6.25m shares at 16p and an earn out of up to £1.25m depending on the future performance of Ecodeck. The latter is a supplier of recycled plastic building and landscape products including driveway grids, gravel pathways grids and plastic shed bases. In the year to last January, Ecodeck had revenues of £6.8m . . .
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