Potential Acquisition

RNS Number : 7100A

Latham(James) PLC

04 February 2011

 



James Latham plc

("James Latham", the "Company")

Potential acquisition

James Latham announces that it is reviewing a potential acquisition of DLH UK Limited, a wholly owned subsidiary of Dalhoff Larsen & Horneman A/S.  DLH UK Limited is a supplier of hardwood to the UK market, and James Latham has been their largest customer.

The acquisition is expected to be at net asset value, less certain provisions. There will be no goodwill.  DLH UK Limited has gross assets of approximately £6 million.

The Company is currently undertaking due diligence which is anticipated to lead to completion by 28 February 2011.

The Company will provide further details to the market once due diligence has been completed and the transaction is signed.

For Further Enquiries:

James Latham Plc
Peter Latham, Chairman	Tel:  [phone]
David Dunmow, Finance Director	Tel:  [phone]
Northland Capital Partners Limited
Shane Gallwey	Tel:  [phone]

 

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