StockMarketWire.com - Support services group DCC said it had acquired US-based Amerilab Technologies for about $85m.

Amerilab Technologies provided contract manufacturing and related services in effervescent nutritional products.

Its acquisition marked a further significant step in the execution of a strategy to build a business of scale in the world's largest health supplements and nutritional products market, DCC said.

'DCC will shortly close the financial year ending 31 March 2020 with a very modest level of net debt, substantial cash resources in excess of £1.5bn, a long-term debt profile with an average term of approximately six years and committed debt facilities of £400m,' it added.

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