Belrise Industries to Acquire Chester Hall Precision Engineering Holdings for £13.2 Million

Belrise Industries Limited has announced that its step-down wholly-owned subsidiary, Belrise UK Holdings Limited, has signed a Share Purchase Agreement to acquire 100% of the issued share capital of Chester Hall Precision Engineering Holdings Limited, a company based in England and Wales. The Target holds 100% of the issued share capital of Chester Hall Precision Engineering Limited and is engaged in design, development, engineering, manufacture, assembly, supply, and sale of parts, components, and systems for use in the aerospace, aviation, space, and defense industries. The acquisition, valued at £13.2 million, is expected to support Belrise's long-term strategic and technological objectives and is not a related party transaction. The acquisition is expected to be completed within 20 business days from the signing of the Share Purchase Agreement, subject to satisfaction or waiver of the conditions precedent.