Amadeusz Juskowiak

Coloroll agrees to buy us wallcoverings company

Coloroll Group Plc said it has entered into a conditional agreement to acquire the business and assets of Wallco Inc and related companies for 145 mln dlrs

Miamibased Wallco manufactures and distributes wallcoverings and showed a pretax profit of 15 mln dlrs on turnover of 37 mln in the year ending June 1986 The total US Market was estimated to be worth 840 mln dlrs in 1986 having grown by 47 pct in the previous five years Coloroll said

The combined sales and profit of the enlarged Coloroll US Business would be 67 mln and four mln dlrs respectively

REUTER