Business services and stocktaking services provider Christie Group is acquiring Orridge Business Sales, which will make the group the largest specialist pharmacy business agents.
Christie already owns the Orridge stocktaking business. Orridge started trading in 1846.
Christie’s house broker Charles Stanley forecasts an increase in revenues from £53.3m to £55.7m in 2012. Underlying profit is expected to improve from £600,000 to £900,000 thanks to a recovery in the business services operations.
At 51.5p a share, Christie is valued at £13m.
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