React Group Acquires UK Window Cleaning Business LaddersFree.
MANews-(C)2009-2022
UK-based cleaning, hygiene and decontamination company React (AIM: REAT) has completed the acquisition of UK-based commercial window, gutter and cladding cleaning business LaddersFree Ltd for a total consideration of up to GBP 8.5m (USD 10.37m), the company said.
This is React's second acquisition and represents a further step in the company's ambition to achieve its said growth strategy.
The Initial cash consideration is to be funded from the net proceeds of a placing announced by the company on 14 April 2022.
Founded in 2002, LaddersFree is a commercial window cleaning business, serving local, regional and national customers.
With an established network of over 300 approved service partners, LaddersFree utilises local window cleaning companies to offer its services to all areas of mainland UK.
LaddersFree employs seven individuals...
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