Van Elle buys loss-making piling firm in £3.8m deal
The firm has also entered into a five-year trading agreement with Galliford Try
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The firm has also entered into a five-year trading agreement with Galliford Try
Galliford Try has agreed to sell its piling division, Rock & Alluvium, to Van Elle for £3.8m.
Galliford Try offloads loss-making piling business acquired 34 years ago
Investegate announcements from Van Elle HoldingsPLC, Trading Update & Notice of Results
1 April 2021 | 09:53am StockMarketWire.com - Ground engineering group Van Elle has acquired ScrewFast Foundations for a maximum consideration of £3.68 million and will retain the ScrewFast brand as it positions the business within its specialist piling division. The company said an initial consideration of £1.76 million is payable in cash on completion, with up to a further £1.92 million of deferred and performance-based cash consideration payable in August 2023. All ScrewFast employees, including the entire management team led by managing director Dan Dye, will join the group. Van Elle ch...