Franchise Brands hail ‘transformational acquisition’ of Filta Group Holdings
The executive chair of Franchise Brands PLC (AIM:FRAN) (Franchise Brands PLC (AIM:FRAN)) Stephen Hemsley talks to Proactive London about the completion of a recommended all-share offer for Filta Group Holdings.
He explains the main strategic and commercial rationale behind the deal – as he believes they are very similar.
Filta Group is a market-leading, commercial kitchen services business, servicing restaurants, supermarkets, stadiums, healthcare, education, hotels and amusement parks.
Hemsley also discusses their recent results which were published earlier in March with adjusted EBITDA up 28%. He explains the key drivers behind this performance and the priorities for 2022.