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Senior Plc acquires Thermal Engineering Holding Ltd

Monday, 2 Dec 2013 02:00am EST 

Senior Plc:Says it has acquired 100 percent of the issued share capital of Thermal Engineering Holding Ltd (Thermal) from Privet Capital and a number of associated individual shareholders.Says Thermal is an aerospace components manufacturer, supplying global aero-engine and airframe OEM's and their Tier 1 suppliers.Says Thermal specialises in manufacturing hot and cold formed components, complex fabricated assemblies and thermal insulation heat shields and systems.Says the total consideration, paid in cash at completion and funded through the utilisation of existing cash and debt facilities, was 28.3 million pounds, including the repayment of 6.5 million pounds of debt in the business at acquisition. 

Company Quote

1.7 +0.63%
11:35am EDT