Acal Proposes Acquisition Of Bfi Optilas S.A.S.

The Acquisition represents a key step in executing Acal’s group strategy, creating the leading specialist distributor in Europe, with a clearly differentiated market position. The Directors of Acal expect the Acquisition to be earnings enhancing (before exceptional items) in the financial year to 31st March 2011, and to create long term value for shareholder

Commenting on today's announcement, Nick Jefferies, Chief Executive of Acal said: I am delighted to announce the acquisition of BFi OPTiLAS, which is a key step in our stated strategy of specialisation. By bringing the two businesses together, we are creating a clearly differentiated specialist, providing electronic and photonic products and services to over 14,000 customers across Europe. This transaction creates the scale required to succeed in the key European markets, and enables substantial operational synergies.”