Advanced Medical Solutions Group plc (AIM:AMS) acquired Raleigh Adhesive Coatings Limited from Apollo Chemicals Group Limited for £22 million on November 23, 2020. The consideration is payable on completion, on a debt-free and cash-free basis, to be funded from AMS's existing cash resources, which were £67.9 million at June 30, 2020. In the financial year ended, April 30, 2020, Raleigh reported revenue of £4.4 million and made an operating loss of £0.3 million. As at April 30, 2020 it had net assets of £1.2 million. The acquisition is expected to be earnings enhancing in 2021. Peter McLintock, Robert Kent and Andrew Secker of Mills & Reeve LLP acted as a legal advisor and Andy Moore of Bracebridge Corporate Finance Ltd acted as a financial advisor to Apollo Chemicals Group Limited. Advanced Medical Solutions Group plc (AIM:AMS) completed the acquisition of Raleigh Adhesive Coatings Limited from Apollo Chemicals Group Limited on November 23, 2020.