DGL (ASX:DGL) acquires Total Coolant for $2.47 million – The Market Herald

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  • Specialty Chemical 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, agricultural, wind and power generation industries.
  • The acquisition will enhance DGL’s customer base, while the geological footprint will further strengthen the capabilities of DGL’s chemical manufacturing division
  • Acquisition price of $2.47 million includes cash payment of $2.17 million and $300,000 of DGL stock
  • DGL shares are up 0.24% in the market and trade at $4.12

Specialty 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, agricultural, wind and power generation industries.

It makes a non-toxic coolant for engines that is used to maintain engine temperature and reduce corrosion.

The acquisition will enhance DGL’s customer base while the geological footprint will further strengthen the capabilities of DGL’s chemical manufacturing division.

The acquisition price of $2.47 million includes a cash payment of $2.17 million and $300,000 of DGL stock.

“The acquisition of Total Coolants will enrich DGL’s mining product line,” said DGL Founder and CEO Simon Henry.

DGL is an end-to-end chemical company that manufactures, transports, stores and manages the treatment of chemicals and hazardous waste. It operates 55 locations in Australia and New Zealand.

Shares of DGL rose 0.24% in the market and were trading at $4.12 at 1:58 p.m. AEST.

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