Andlauer Healthcare Group Announces Agreements to Acquire 100% of Skelton Canada and 49% of Skelton USA
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TORONTO, Feb. 23, 2021 /CNW/ - Andlauer Healthcare Group Inc. (TSX: AND) ( AHG ) today announced that it has entered into definitive agreements to acquire 100% of Skelton Canada Inc. ( Skelton Canada ) and 49% of Skelton USA Inc. ( Skelton USA , and together with Skelton Canada, the Skelton Companies ) for total aggregate consideration of approximately C$114.7 million, subject to customary working capital adjustments (together, the Acquisitions ). The agreement also includes an option for AHG to acquire the remaining 51% of Skelton USA. AHG expects the Acquisitions to be immediately accretive to cash flow and earnings per share. The Skelton Companies are specialized in the transportation of refrigerated healthcare products.