28 Oct 2015

Ebos looking at new acquisitions

3:42 pm on 28 October 2015

Animal and healthcare company Ebos is set to expand, with another acquisition or two in the wings possibly within the next month.

Ebos managing director Mark Waller.

Ebos managing director Mark Waller. Photo: EBOS

The company said at its annual meeting yesterday that it was confident of another year's double digit profit growth, driven by last year's acquisition of a pharmacy warehouse and pet food operation in Australia.

First quarter trading has been around 20 percent up on the same time last year, and the company has low debt levels giving it headroom to buy.

The just appointed chair Mark Waller said they were running the rule over a couple of targets.

"If we can get it across the line we will be making an announcement on that probably late next month," he said.

Mr Waller said all the company's divisions were performing well, but he said the strongest growth was in the pharmacy warehousing operations, which accounts for just under half of earnings.

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