Information  X 
Enter a valid email address

Mincon Group Plc (MCON)

  Print      Mail a friend

Wednesday 09 January, 2019

Mincon Group Plc

Acquisition of Pacific Bit of Canada

RNS Number : 5482M
Mincon Group Plc
09 January 2019
 

Mincon Group plc

Acquisition of Pacific Bit of Canada Inc.

Mincon Group plc (ESM: MIO AIM:MCON), the Irish engineering group specialising in the design, manufacture, sale and servicing of rock drilling tools and associated products, advises that it has contracted to acquire the share capital of Pacific Bit of Canada Inc.

 

Mincon Group plc - Acquisition of Pacific Bit of Canada Inc.

Mincon has contracted to acquire Pacific Bit of Canada Inc., a distribution company based in Vancouver, Canada. A long established and successful business, Pacific Bit distributes mainly mining and construction products in Western Canada. Sales in 2018 were c. C$5.5 million and the business was profitable.

The Pacific Bit team is staying in place to develop the business with the North American team of Mincon, to build revenue and distribution in the coming years and we are pleased to welcome them to the Group. We believe this is an important building block in developing the Group sales into the Canadian market with an excellent local team.

Further

We are prepared to discuss acquisition, partnership and investment with other businesses in suitable geographic territories and relationships, for our key and ancillary products.

 

 

 

ENDS

 

For further information, please contact:

Mincon Group plc

Joe Purcell - Chief Executive Officer

Tel: +353 (61) 361 099

Peter E. Lynch - Chief Operating Officer


 

Davy Corporate Finance (Nominated Adviser and ESM Adviser)

Anthony Farrell

Tel: +353 (1) 679 6363

Daragh O'Reilly


 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
ACQSSFFMAFUSEDF

a d v e r t i s e m e n t