Simon Thompson 

Profit from corporate activity

Simon Thompson

Simon Thompson
Profit from corporate activity

Skelmersdale-based Flowtech Fluidpower (FLO:162p), the UK's leading specialist supplier of technical fluid power products to around 3,400 distributors and resellers, is making the complementary acquisition of Balu Limited for a total of £10.2m including debt, representing a reasonable seven times last year’s operating profit. The consideration is being funded by a placing at 170p a share.

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