Takeover of delivery group with sites in Willenhall and Tipton is agreed
Deliveries group DX, which has sites in Willenhall and Tipton, is being taken over by a private equity investment firm.
The board of DX has agreed to the acquisition by a subsidiary of funds advised or managed by HIG Capital of the entire share capital.
DX shareholders will receive 48.5p per share which values DX at £314.8 million.
The buyer recognises the strong performance and progress made by DX in recent years, but believes that DX can better reach its full potential in a private market setting.
