(Il Sole 24 Ore Radiocor) - New York, 2 apr - McBride, a UK manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning/hygiene markets, said it has made a binding offer for the acquisition of the Eurotab for an expected 40 million euros (34.5 million pounds).

Eurotab is a specialist in the design and manufacture of solid-format cleaning and hygiene solutions, primarily serving private label and certain contract manufacturing markets.

In the year to June 30, 2026, Eurotab is expected to report revenue of 65 million euros with the majority of the revenues in Europe derived from its two specialised manufacturing sites in France. In addition, Eurotab operates a smaller business supplying the market in Turkey from its facility located near Istanbul.

The anticipated purchase price represents an underlying EBITDA multiple of 5.2x ,or 4.6x net of the value of acquired tax losses which the group expects to use over time. When adjusting for conservative synergies the underlying EBITDA multiple equates to 3.1x, McBride said.

The acquisition is expected to be accretive to earnings per share in the first full year of ownership and will raise overall group margins, adding approximately 0.5 percentage points to the EBITDA margin, and moving the group towards the 10% target set at the 2024 Capital Markets Day, it added.

The deal will be financed through existing banking facilities, with the group's net debt to EBITDA ratio expected to be slightly above the Capital Markets Day target of 1.5x for approximately one year post completion, McBride.

said.

(RADIOCOR) 02-04-26 12:29:39 (0307) 5 NNNN