Acquisition in Dual Engraving

RNS Number : 2423X

Dewhurst PLC

06 February 2013

 



Dewhurst PLC

("Dewhurst" or the "Group")

Acquisition in Dual Engraving

Dewhurst plc, an independent supplier of quality components to the lift, keypad and transport industries, is delighted to announce the acquisition of 70 per cent. of Dual Engraving ("Dual"), based in Perth, Western Australia ("WA") (the "Acquisition"). The terms of the Acquisition remain the same as previously announced on 12 November 2012 (see RNS number: 8244Q).

This purchase cements a relationship with Dual that started as a customer of the Group and latterly developed as a distributor for Lift Material products in WA.  After a handover period, David Waideman will retire from Dual, but the remainder of the management team will continue, led by Garry Holden as General Manager and Michael Cook as Operations Manager. We aim to build on Dual's excellent reputation for service in the WA market and help them to develop with the support and investment we can provide as a larger organisation.  This purchase demonstrates our continuing commitment to the Australian market and our aim of improving the Group's service to customers in Australia.

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For further details please contact:

Dewhurst Plc Tel: [phone] Richard Dewhurst, Chairman Jared Sinclair, Finance Director Seymour Pierce Ltd (Nominated Adviser) Tel: [phone] David Foreman / Rick Thompson (Corporate Finance) Paul Jewell (Corporate Broking)

 

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