Mergers & Acquisitions
By The Online Investor Staff, updated Fri., Apr. 19, 2:34 PM
Slide #54. Decisive Dividend Corporation — Techbelt Limited
Acquirer: |
Decisive Dividend Corporation (CVE:DE.CA) |
Acquiree: |
Techbelt Limited |
Details: |
Decisive Dividend Corporation (TSXV: DE) (the "Corporation" or "Decisive") is pleased to announce the acquisition of Techbelt Limited (the "Acquisition") for $6.3 million, from arm's length parties. Techbelt Limited ("Techbelt") is a manufacturer of polytetrafluoroethylene ("PTFE") conveyor belts, PTFE tapes, and PTFE materials which are used in a wide range of end markets including food and beverage, packaging, textiles, agriculture, and fast-moving consumer goods. Techbelt was founded in 2002 and is located in Huddersfieldin the United Kingdom. |
Decisive Dividend is a capital pool company. Co. is engaged in identifying and evaluating assets or businesses with a view to potentially acquiring them or an interest therein by completing a purchase transaction, by exercising of an option or by any concomitant transaction.
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April 19, 2024 2:34 PM Eastern
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