Grocer banner

Origin Enterprises (OGN)

Share Price:
Down  4.98
Change Today:
- 0.10
Market Cap:
 624.77m

Origin Enterprises to buy fertiliser company for 18.2m

07 Mar 17

LONDON (ShareCast) - (ShareCast News) - Ireland-based agri-services group Origin Enterprises is to buy Bunn Fertiliser for up to 18.2m, in order to expand its fertiliser capacity.
The acquisition, which is subject to clearance from the Competition and Markets Authority in the UK, would extend Origin's existing fertiliser blending activities, as well as its customer service capabilities, and enable it to optimise operation and logistic efficiencies.

As part of the deal, Origin will buy Bunn, on a debt and cash free basis, for 14.2m in cash on completion with the total transaction coming to about 18.2m.

Bunn's turnover for 2016 was 127.7m and maintainable earnings before interest and tax was about 2.8m.

Origin chief executive Tom O'Mahony said: "Bunn is an excellent business with a dedicated commitment to addressing the crop yield, quality and soil fertility requirements of primary producers. Bunn advances the group's capacity to manage supply chain complexity as well as providing complementary customer and product channel access."

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Market Data

Currency Euro
Price  4.98
Change Today - 0.10
52 Week High  5.88
52 Week Low  4.84
Volume 35,959
Shares Issued 125.58m
Market Cap  624.77m

Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Mar-19 29-Nov-18
Paid 12-Apr-19 14-Dec-18
Amount 3.15¢ 17.85¢