DGL Group Limited has announced the acquisition of Total Coolants Management Solutions Pty Ltd, a manufacturer and distributor of quality maintenance prevention products into the mining, marine, wind farms, power generation, and agriculture sectors.
The acquisition will add to DGL's mining product range and further enhance the capabilities of the company's Chemical Manufacturing division, in line with its cross-sell strategy.
The purchase price of $2.47M represented a valuation of 2.7 x FY21 normalised EBITDA.
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