VJT is a UK distributor of technical fixings, fasteners and consumables to the infrastructure, commercial and wider construction industry, and part of SIG Distribution.
The divestment is in line with SIG's strategy of disposing of smaller, non-core businesses to strengthen its balance sheet.
In 2017, VJT reported sales of 拢31.0m, profit before tax of 拢5.0m and operating cash flow of 拢4.1m.聽 The consideration from the sale is expected to be 拢29.7m, resulting in a net debt reduction for SIG of 拢7.4m.
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