acquisition

MARKET UPDATE
The Company wishes to advised that it has signed a Heads of
Agreement to acquire the business of Meridian Concrete Pty Ltd
subject to the satisfactory completion of due diligence.
Meridian Concrete is the largest supply and place concrete
subcontractor in the Victorian construction market. Structural
Systems has had a close working relationship with this company
since 2002.
The acquisition will be earnings accretive from the first year.