Loscam ANZ’s pitch said it had better EBITDA margins and a superior cost structure to rival Brambles.On Friday, sell-side advisers told suitors Loscam ANZ’s business was ticking along nicely, but its owners had hit pause on the sale while the market volatility persisted. Indicative bids were due last week.
The sale flyers put Loscam ANZ at $170 million revenue and $90 million EBITDA for the 2021 calendar year, generated via its 7 million-plus pallet pool. Suitors were told the division had grown revenue at 9 per cent a year in the three years to December 31, and had 34 per cent of the Australian market. Brambles’ CHEP had the other 66 per cent.
Loscam ANZ is understood to have been looked at by private equity funds and infrastructure types. Two that took an early look included
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World-first anti-COVID spray is set to hit the market in AustraliaA world-first anti-COVID spray is set to hit the market and it's been developed by a team of Australian researchers. 9News It’s not April 1st is it ? i'll save you a metric shit tonn of money how about copper or brass it's already available natural and cheap / proven Hope this spray will not creat 2 dozens of variants like vaccines did
Source: 9NewsAUS - 🏆 10. / 72 Read more »