Big River Industries Limited (ASX:BRI) agreed to acquire Revolution Wood Panels Pty Ltd for AUD 8 million on August 24, 2021. Under the terms, AUD 6 million will be paid in cash and AUD 1 million will be paid in BRI common stock. Also, AUD 1 million will be paid in additional earnout payments, payable over two years subject to certain profitability targets being met. The transaction will be funded out of available debt facilities. Post completion, Graham Anderson and Greg Adams, will remain with Big River and continue to manage the business. The transaction is subject to certain procedural, administrative conditions precedent and is expected to complete in early October 2021. The transaction is expected to be earnings per share accretive from year one.