- NWF Group, the specialist agricultural and distribution business, has acquired the entire issued share capital of SC Feeds Ltd, a leading animal feed manufacturer based in Staffordshire for up to £6.75m on a cash-free, debt-free basis.

This price comprised an initial consideration of £6.0m in cash, which would be satisfied from NWF's existing banking facilities and up to £0.75m to be satisfied by the issue of new ordinary shares.

The final quantum of the equity consideration payable would be determined following the agreement of completion accounts in early 2014. The acquisition would be earnings enhancing in the first full year, NWF said in a statement.

At 8:00am: [LON:NWF] NWF Group PLC share price was 0p at 143p

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