Intraco to buy majority stake in fire protection specialist for $16.6 million
Published on May 8, 2014 10:18 PM
SINGAPORE - Trading company Intraco is set to acquire 70 per cent of the share capital of fire protection specialist KA Group for $16.6 million.
KA Group comprises five companies: K.A. Building Construction, Firespray International (Singapore), K.A. Fireproofing, K.A. Fabric Shutters, and K.A. Firespray Sdn Bhd.
The one-stop provider of fire protection products was founded in 1987 and is both a manufacturer and applicator of such solutions.
Intraco said KA Group's double digit profit margins and strong business growth in the last three years, coupled with strong growth prospects, make it an attractive target.
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