1 April 2021 | 09:53am
StockMarketWire.com - Ground engineering group Van Elle has acquired ScrewFast Foundations for a maximum consideration of £3.68 million and will retain the ScrewFast brand as it positions the business within its specialist piling division.
The company said an initial consideration of £1.76 million is payable in cash on completion, with up to a further £1.92 million of deferred and performance-based cash consideration payable in August 2023.
All ScrewFast employees, including the entire management team led by managing director Dan Dye, will join the group.
Van Elle chief executive Mark Cutler said: This is a very exciting, complementary acquisition focussed on our higher margin, specialist piling activities which strengthens our leading position in growth markets such as highways and rail.
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Ardent Mills expands chickpea offering with acquisition of Hinrichs Trading Company
Ardent Mills is expanding its chickpea capabilities with the acquisition of Hinrichs Trading Company. Pic: GettyImages/KucherAV Ardent Mills is acquiring Hinrichs Trading Company, the North American leader in chickpea sourcing, cleaning and packing.
The move is part of Ardent Mills’ strategic growth plan to build upon its existing wheat flour business by further investing in specialty ingredient capabilities and diversifying its product portfolio.
Family-owned Hinrichs Trading Company (HTC) is a full-service pulse origination and processing company specialising in the production and processing of high-quality garbanzo bean (chickpea) products. The family-owned company has over 30 year of experience in the chickpea sector, having been involved in the production of the ingredient since it was first introduced into the US. Headquartered in Pullman, Washington, it operate
Ardent Mills Announces Intent to Acquire Hinrichs Trading Company Operations foodindustryexecutive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foodindustryexecutive.com Daily Mail and Mail on Sunday newspapers.