Caledonia expands US industrial portfolio

Caledonia Investments, the FTSE 250 international investment trust, has bought a portfolio of five industrial businesses from US-based operating company Latshaw Enterprises.

Caledonia Investments, the FTSE 250 international investment trust, has bought a portfolio of five industrial businesses from US-based operating company Latshaw Enterprises.

The acquisition was made with Nova Capital Management, the specialist acquirer of corporate and private equity portfolios, and has seen Caledonia invest $42m in cash at completion.

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