Wolseley, the plumbing and heating products distributor whose UK headquarters is in Warwick, has said it is on target to spend pounds 200 million on bolt-on acquisitions
in the current financial year.
I don't hear it much in general business discussion, but if you get around an 'i-banker' they all talk about bolt-on acquisitions
These have allowed the company to maintain a strong balance sheet and a solid liquidity position, despite increased share repurchases, discretionary pension contributions and small bolt-on acquisitions
While a sizable debt-financed acquisition could have an impact on ratings, bolt-on acquisitions
are anticipated, those that would be funded with internally generated funds.
Alternatively, cash may be used for bolt-on acquisitions
to improve Lubrizol's business portfolio, particularly in the Specialty Chemicals segment.
Vulcan's extensive geographic footprint across higher growth regions of the United States provides continuing opportunities for bolt-on acquisitions
that extend our markets.
These bolt-on acquisitions
are an excellent fit with Tate & Lyle's stated growth strategy" said Iain Ferguson, Tate & Lyle's Chief Executive.
With this goal expected to be achieved by year end, GR has indicated that its focus will now be on shareholders and bolt-on acquisitions
The elements of this strategy include a focus on generating total and recurring revenue growth by developing customer-pleasing innovations, services and solutions; implementing bolt-on acquisitions
of businesses that extend our geographic footprint, product technologies and manufacturing capability; and enhancing our operational efficiency and effectiveness through lean manufacturing, six sigma processes and continuous improvement efforts.
Instead, we anticipate making small, bolt-on acquisitions
," Bunch said.
In addition, WMI plans to reinvest in growth by making improvements to facilities and services and making bolt-on acquisitions
Purchasers of these properties include both strategic and financial buyers who seek product expansions, bolt-on acquisitions
, and business or portfolio diversification.