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Prime Mover Magazine

GUD Holdings strengthens its automotive portfolio

GUD Holdings has entered an agreement to purchase 100 per cent of the shares of Disc Brakes Australia (DBA).

DBA operates in the automotive aftermarket through supplying a range of disc brake rotors, brake drums and disc brake pads.

With over 40 years of manufacturing experience and continued research and development, DBA has reportedly positioned itself as a premium supplier of disc brake rotors in the Australian automotive aftermarket.

DBA was originally established by the Joseph family and it markets products and services under the DBA brand.

Its customer base includes major industry distributors: Bapcor, Repco and Supercheap - along with other automotive wholesalers and performance specialists.

The DBA business has an annual sales turnover of around $2 million and generates an annual earnings before interest and tax (EBIT) of around $3 million. Consideration for the acquisition is $20 million, with a net working capital adjustment at completion.

The transaction is expected to be completed on 2 July 2018.

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