C&&M acquisition takes Gladedale up majors’ ranks

April 1, 2005
With a pre-acquisition turnover of £341 million, and pre-tax profits up an impressive 97% to £40 million at the end of 2004, the privately owned firm paid 300p per share for C&&M in March, valuing it at more than £72 million. “The acquisition of County && Metropolitan will provide a substantial addition to the current Gladedale Group,” said chairman and …

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