Big River Industries Limited (ASX:BRI) entered into an agreement to acquire Pine Design Holdings Pty Ltd for AUD 3.7 million on February 17, 2020. As part of the transaction, AUD 3.3 million will be paid in cash funded from Big River’s unused debt facility and AUD 0.4 million of additional earn out payments will be paid over a two-year period, subject to certain profitability targets being met. The acquisition is subject to certain non-contentious customary pre-conditions and is expected to complete in early March 2020.