Acquisition Update
Monday 21 November 2005
SIG plc, the leading supplier of specialist materials to the building and construction industries, announces that it has completed six acquisitions since publishing its Interim Results on 14 September 2005.
Five of these acquisitions have been made in the UK with combined annualised sales of around £57m, split across the roofing and specialist construction products divisions. In addition an interiors business in Germany with annualised sales of c. £5 million has being acquired. In total these six acquisitions add a further 41 trading sites to the Group. Total consideration including assumed debt amounts to £41m.
As a result, the total number of acquisitions completed by the Group in the calendar year 2005 to date is 17, adding annualised sales of £138m and 62 additional trading sites. The Group now has a total number of trading sites of 481.
The total acquisition consideration so far in 2005 amounts to £103m including assumed debt.
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