Adfil NV and Industria BV agreed to acquire construction fibres business from Low & Bonar PLC for £5.6 million on June 3, 2019. Adfil NV will purchase the business and production assets. Industria BV will purchase the CF factory site. The transaction is subject to subject to the fulfillment of a limited number of conditions in the sale agreements and financing arrangements of Adfil NV and Industria BV, including the satisfactory completion of an information and consultation process with the employees affected by the deal. The transaction is expected to complete on or around July 1, 2019. Adfil NV and Industria BV completed the acquisition of construction fibres business from Low & Bonar PLC for £5.5 million on July 2, 2019. Under the terms of the deal, £5.1 million was received on completion and the remainder will be received over the next two months.