QBRC has confirmed that it expects to be in a position to complete its proposed purchase of the Construction Industry Supply (CIS) and Packaging businesses from Aventas Group in early October 2014 following the finalisation of the remaining due diligence and legal processes.
As a result of recent discussions, QBRC has reached agreement with, and will now be supported in this transaction by, three of the current financiers of the businesses. Commenting on the development Liam McCaffrey; CEO designate of the business said; “I would like to expressly thank Endless LLP for supporting QBRC from the outset, and for recognising the potential in this business. We further acknowledge the level of support we have received from the community in general. We look forward to working closely with our financiers, the staff and customers of the businesses as we seek to grow and develop them in the years ahead.”