BRIEF-Black Diamond announces acquisition of Vancouver area rental fleet for $1.3 mln

Mon Oct 3, 2016 8:26am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Oct 3 (Reuters) - Black Diamond Group Ltd :

* Deal for $1.3 million

* Cash purchase price and capital commitments will be funded from black diamond's available cash and borrowing facilities.

* Black diamond is increasing its previously announced $10.0 million 2016 capital expenditure plan to $15.0 million

* Black diamond group announces the strategic acquisition of vancouver area rental fleet

* Concurrent with acquisition, black diamond signed a commitment to purchase $1.4 million of new manufactured assets from shelter Source text for Eikon: Further company coverage: