Big River Industries Limited agreed to acquire Trading Business And Assets Of Specialised Laminators from Specialised Laminators Queensland for AUD 10 million.

Big River Industries Limited (ASX:BRI) agreed to acquire Trading Business And Assets Of Specialised Laminators from Specialised Laminators Queensland for AUD10 million on March 18, 2024. The purchase consideration of AUD 10m at completion comprises AUD 7m of cash and AUD 3m in BRI ordinary shares. There is the potential for the vendors to receive an additional earnout of up to AUD4.3m, payable 70% cash and 30% BRI ordinary shares over a three-year period if certain profit growth targets are achieved.

The acquisition is subject to certain procedural and administrative conditions precedent, which the Company expects will be met between now and early April 2024.