Tyman plc (LSE:TYMN) agreed to acquire Barry G Lawrence, Inc. for $69.5 million on July 12, 2023. The consideration comprises of initial consideration of $57.0 million on a debt and cash-free basis. Further contingent consideration of up to $12.5 million will be based on stretching growth targets for the financial results for the two years up to and including 31 December 2024. Consideration is being funded from existing debt facilities. For the financial year ended 31 December 2022, Lawrence reported unaudited revenue of approximately $20 million and profit before tax of approximately $7.5 million, with gross assets as at 31 December 2022 of $3.4 million. The acquisition will be immediately earnings enhancing and will report as part of Tyman's North America division.

Tyman plc (LSE:TYMN) completed the acquisition of Barry G Lawrence, Inc. on July 12, 2023.