Accsys Technologies PLC agreed to acquire Assets of Lignia Wood Company Limited from Lignia Wood Company Limited for ?1.2 million on July 29, 2021. The purchase will be funded from Accsys? existing cash resources. Accsys will operate the colouring process on the existing site in Wales under a new lease entered into with the landlord for the land and buildings and with added expertise of former Lignia staff. Once repurposed and integrated, the site will be expected to be able to produce up to 12,500 m3 of Accoya? Color per annum with expansion in future being possible. Accsys does not intend to continue production of Lignia products. The acquired raw wood will be used for production of Accoya? at our plant in the Netherlands. The integration of the assets with the existing Accoya? business will be led by a dedicated integration team working separately from Accsys? other strategic projects.