CSR to acquire AFS Products

CSR has reached a deal to acquire AFS Products.

CSR Limited has reached a deal to acquire AFS Products, in a move that will see the building products company move into the structural walling and load bearing market.

CSR will pay $40 million up front for AFS, funded by existing cash and debt facilities, with additional payments to be made over the next three years.

The group says it expects the acquisition to be earnings accretive in the first year.

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