NPK Announces Acquisition of Grassform Plant Hire Limited
Acquisition provides enhanced scale and strengthens core U.K. rental & service operations
NPK International Inc. (NYSE:NPKI) ("NPK" or the "Company") today announced the acquisition of Grassform Plant Hire Limited ("Grassform") for an all-cash purchase price of £35.2 ($46.4) million funded at closing, with additional potential consideration to be paid based upon improvements in Grassform's trailing twelve month performance through its current fiscal year-end, February 28, 2026. The acquisition was funded primarily using cash on-hand, along with approximately $10 million of borrowings under the Company's U.S. credit facility.
Headquartered in Ingatestone, England, Grassform is a U.K. marke
