Mar 30, 2017

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Franchise Brands Snap Up Metro Rod

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How Metro Rod, a leading drainage company was purchased for £28 million

Drain Cover Metro Rod post image by J. Taylor, 2008 (Creative Commons License: Attribution-Share Alike).

Image by J. Taylor, 2008 (Creative Commons License: Attribution-Share Alike).

Metro Rod, one of Britain’s leading drainage unblocking companies, has been bought by Franchise Brands plc for £28 million. The deal is partly funded by £20 million discounted equity placing. The remainder is funded by Franchise Brands’ new bank facilities, with up to £17 million available and £1.8 million of working capital.

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