Electrocomponents acquires Liscombe for £11m


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industrial and electronics products maker Electrocomponents said it had acquired Liscombe, a supplier of high-risk hand protection and PPE products to industrial blue-chip customers in the UK and the Netherlands, for £11 million.

The combination would enable the group to capture a 'greater share of wallet with existing customers and establish a meaningful presence in a product category in which we anticipate attractive underlying growth over the long term,' the company said.

The £11 million consideration would be financed out of the company's existing debt facilities.

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