Oct 26 (Reuters) - Reliance Worldwide Corporation Ltd (RWC) :
- RWC TO ACQUIRE EZ-FLO INTERNATIONAL, INC. FOR US$325 MILLION
- ACQUISITION WILL BE DEBT FUNDED UTILISING HEADROOM WITHIN RWC'S EXISTING SYNDICATED FACILITY AGREEMENT
- EZ-FLO'S EXECUTIVE MANAGEMENT TEAM WILL REMAIN WITH BUSINESS FOLLOWING COMPLETION
- COST REDUCTION OPPORTUNITIES FROM DEAL EXPECTED TO GENERATE ANNUAL SAVINGS OF A$10 MILLION P.A. ON RUN RATE BASIS BY END OF YEAR 3
- ONE-OFF COSTS FROM DEAL TO ACHIEVE COST SYNERGIES ESTIMATED TO BE A$10 MILLION
- COMPLETION OF DEAL IS EXPECTED TO OCCUR IN NOVEMBER 2021
News: RWC Reliance Worldwide To Acquire Ez-Flo International For $325 Million
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