RPM Automotive Group acquires Queensland automotive businesses, lands $1.8 million option underwriting agreement
The group will add two Queensland-based automotive businesses to its portfolio in a $500,000 deal. The group has acquired two businesses and will open a distribution centre as part of its growth strategy.
RPM Automotive Group Ltd (ASX:RPM) has acquired two businesses and announced it will open a new distribution centre to grow its operations in Far North Queensland.
Carline Automotive - Cairns and Carline Automotive and Revolution Racegear - Townsville will join the RPM group as part of ASX-lister’s growth strategy in a $500,000 deal.
The businesses will be integrated into RPM’s performance and accessories division, effective August 1, 2021, while the Townsville distribution centre expands RPM’s distribution footprint.