Sussex-based manufacturer,Trifast, manufacturer of mechanical fasteners, is set to acquire German industrial distributor Kuhlmann.
Kuhlmann was purchased by Trifast for €8.5m (£6.16m) with an initial €6.76m (£4.9) being paid on the completion of the deal and €400,000 (£300,000) satisfied by allocating 29,350 ordinary shares in the company. €1.70m (£1.23m) will be deferred for a year to serve as a retention against which any potential warranty and indemnity claims will be…
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