Card Factory plc (LSE:CARD) acquired S.A.Greetings (Pty) Ltd. for £2.5 million on April 25, 2023. The consideration was paid in cash. The acquisition was financed from Card Factory's working capital. S.A.Greetings had a net asset value of £5.8 million and gross assets of £8.5 million on this date. Willie Engelbrecht will continue the leadership of SA Greetings. The acquisition is expected to be earnings enhancing. Brandon Irsigler and Davin Olen of Dentons acted as legal advisor and due diligence provider to Card Factory.

Card Factory plc (LSE:CARD) completed the acquisition of S.A.Greetings (Pty) Ltd. on April 25, 2023.