Pental Limited has divested its consumer products business to Dulux Group

Pental Limited (ASX:PTL), a trusted Australian provider of household chemical and cleaning products, has divested its consumer products business to DuluxGroup Limited.

Pental Limited manufactures, markets and distributes personal, household and commercial products in Australia, New Zealand and Asia. Going forward, Pental will transform to become a specialized e-commerce enterprise with a clear strategy and strategic investments.

DuluxGroup Limited manufactures, markets, sells and distributes decorative paints, coatings, adhesives and garden care and other building products in Australia, New Zealand, Papua New Guinea, Southeast Asia, China and the UK.

Oaklins’ team in Australia acted as M&A corporate advisor to Pental Limited on the divestment of its consumer products business to DuluxGroup. The transaction represents significant value for shareholders, with the total sale price of US$38.6 million (A$60 million), plus expected agreed and customary adjustments, the unwinding of the Duracell distributorship, debtors and creditors, representing approximately 118% of Pental’s (ASX:PTL) market capitalization.

TRANSAKSJONSTYPE

M&A - Salg av virksomhet

Parter

“The Oaklins team provided us with valuable support and advice throughout the transaction. Our shareholders voted overwhelmingly in favor of the deal, and we are grateful to our advisors for guiding us to such a good result.”

Mark Hardgrave

Chairman, Pental Limited

Kontakt ansvarlige rådgivere

Stephen Macaw

Director

Melbourne, Australia
Oaklins Henslow

Se profil Ta kontakt med oss

William Lovelock

Associate

Melbourne, Australia
Oaklins Henslow

Se profil Ta kontakt med oss

Relaterte transaksjoner

Ambala Foods Limited has been acquired by Cake Box Holdings plc

Detaljhandel | Næringsmidler

Ambala Foods Limited has been acquired by Cake Box Holdings plc

Cake Box Holdings plc has acquired the Asian dessert specialist Ambala Foods Limited.

Les mer

BDS Vending Solutions has been acquired by Coca-Cola HBC Northern Ireland, a subsidiary of Coca-Cola HBC

Detaljhandel | Næringsmidler

BDS Vending Solutions has been acquired by Coca-Cola HBC Northern Ireland, a subsidiary of Coca-Cola HBC

Coca-Cola HBC Northern Ireland, a subsidiary of Coca-Cola HBC, has completed the acquisition of BDS Vending Solutions. This transaction is aligned with Coca-Cola HBC’s strategy to strengthen its route-to-market and direct-to-consumer capabilities, opening up new opportunities across its diverse portfolio of snacks, as well as cold and hot beverages.

Les mer

OBI Group has acquired the OBI and individual DIG stores from Migros

Detaljhandel

OBI Group has acquired the OBI and individual DIG stores from Migros

As part of a strategic review, Migros has decided to divest its DIY business, which included several “Do It + Garden” and “OBI” locations. Migros had operated the Swiss OBI stores as a franchisee. In OBI Group Holding, Migros has found the ideal partner to ensure continuity for both its customers and employees.

Les mer