- Specialist chemicals company DGL (DGL) acquires Total Coolant Management Solutions for $2.47 million
- Total Coolants is a manufacturer and distributor of maintenance prevention products for the mining, marine, agriculture, wind farm and power generation sectors
- The acquisition will enhance DGL’s customer base while the geological footprint further enhances the capabilities of DGL’s chemical manufacturing division
- The acquisition price of $2.47 million consists of a cash payment of $2.17 million and $300,000 worth of DGL shares
- Shares in DGL are up 0.24 per cent on the market and are trading at $4.12
Specialist chemicals company DGL (DGL) has acquired Total Coolant Management Solutions for $2.47 million.
Total Coolants is a manufacturer and distributor of maintenance prevention products for the mining, marine, agriculture, wind farm and power generation sectors.
It manufactures non-toxic coolant for engines which is used to maintain engine temperature and reduce corrosion.
The acquisition will enhance DGL’s customer base while the geological footprint further enhances the capabilities of DGL’s chemical manufacturing division.
The acquisition price of $2.47 million consists of a cash payment of $2.17 million and $300,000 worth of DGL shares.
“The acquisition of Total Coolants will add to DGL’s mining product range,” DGL Founder and CEO Simon Henry said.
DGL is an end-to-end chemicals business that manufactures, transports, stores and manages the processing of chemicals and hazardous waste. It operates 55 sites across Australia and New Zealand.
Shares in DGL were up 0.24 per cent on the market and were trading at $4.12 at 1:58 pm AEST.