3 February 2017 – acquisition
Following yesterday’s positive trading statement, the supplier of additives for animal feed has announced the acquisition of its Australian distributor Cobbett Pty. The consideration for the purchase will be up to A$1m depending on certain profit targets being achieved. Cobbett has distributed Anpario products since 1987 into Australia, New Zealand and Papau New Guinea and the acquisition is part of the group’s strategy to strengthen its sales and distribution network. The shares remain a BUY.