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.
Mark Hardgrave
Chairman, Pental Limited
Sprechen Sie mit dem Deal-Team
Transaktionen
Apotheka acquires two pharmacy outlets from Panpharmacy
In a strategic move that signifies the ongoing consolidation and growth within the Latvian pharmaceutical retail sector, Panpharmacy, the parent company of the leading online pharmacy InternetAptieka.lv, has successfully completed the sale of two of its brick-and-mortar pharmacies to Apotheka. These pharmacies, both situated in the capital city of Riga, will continue to serve customers under the Apotheka brand, marking a seamless transition in ownership and operations.
Mehr erfahrenRogan’s Shoes has been acquired by Shoe Carnival
The owners of Rogan’s Shoe have sold the company to Shoe Carnival, Inc. This acquisition provides Shoe Carnival a well-scaled entry into the Wisconsin market and a complementary growth channel in work boot and safety footwear.
Mehr erfahrenTrive Capital acquires Ten Entertainment Group
Trive Capital has acquired Ten Entertainment Group Ltd.
Mehr erfahren