date:Nov 27, 2012
anufacturers.
On a pro forma basis1 the Business generated earnings before interest, depreciation, amortisation and tax (EBITDA) of 10.2 million for the 12 months to June 2012 implying a multiple of 5.7x 2012 EBITDA before synergy benefits. On completion, CCs pro forma net debt to EBITDA ratio will be less than 1.5 times. The Acquisition is expected to be immediately earnings accretive.
Stephen Glancey, CEO of CC, said:
We are pleased to announce our agreement to acquire the Gl