Date: 2013-08-01

Poland Leading Bearing Distributor Acquiring Fin S.A.

Poland Leading Bearing Distributor Acquiring Fin S.A.

Brammer plc (UK; LSE: BRAM; website) announced it has reached agreement to acquire Fin S.A. (Poland). The acquisition will be in two stages; 51% now, after Polish competition authorities' approval, and the remaining 49% between 2010 and 2012.

Fin S.A. is Poland's leading distributor of bearings and power transmission equipment, with 11 branches and 165 employees nationwide. Sales last year were £17.5 million.

The acquisition will cost Brammer £4.9 million in the first round for 51%. The second round, for the remaining 49%, will be dependent upon Fin's interim performance -- anywhere from £4.7 million and £14.1 million.

Brammer's Chairman, David Dunn, said: "We are delighted to announce the acquisition of Fin which further extends Brammer

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