ASX Briefs...everything...in three bullet points

MaxiPARTS has entered into a Share Purchase Agreement to acquire 80% of Förch Australia for an estimated $9.7m cash, subject to working capital adjustments.
Förch Australia is a distributor of workshop consumables, mainly focused on automotive and commercial vehicle workshops, with an exclusive Australian distribution agreement for FÖRCH products through to April 2030.
The acquisition is aligned with MaxiPARTS' M&A strategy criteria, providing immediate incremental improvements to profit margins and earnings per share metrics, and offering potential for further growth in the coming years.

2023-05-02 08:23:00

MaxiPARTS had a $2.4m receivable in relation to the sale of the Trailer Solutions business to ATSG in September 2021.
The dispute over the final purchase price completion amount has been referred to an independent accountant and determined in MaxiPARTS' favour.
The Receivable is payable, alongside a $4m Vendor financing component which is due on 31 August 2023.

2023-02-06 08:24:00

ASX Briefs...everything...in 3 bullet points