News blog
William Sinclair
- BY: Andrew Hore |
- POSTED: 22/11/2010 |
William Sinclair has bought the assets of Growing Success Organics (GSO), a supplier of environmentally friendly garden care products.
The peat and horticultural products supplier expects that the integration of GSO will be straightforward and cost cutting will improve margins. The two companies are already working together on distribution of the GSO products. William Sinclair can ensure a much wider distribution of the products.
GSO is expected to generate revenues of £3m in the year to September 2011. The deal should be earnings enhancing for William Sinclair in the year to September 2011.
William Sinclair already has a strong position in the environmentally friendly garden products market with its synthetic peat Sincroboostplus and peat-free brand New Horizon.
At 113.5p a share, William Sinclair is valued at £18.8m.
Full year results will be published on 5 January 2011.
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