DuluxGroup (Australia) Pty Ltd entered into binding transaction agreement to acquire Shepparton manufacturing facility from Pental Limited (ASX:PTL) for AUD 15 million on September 13, 2023. The consideration is on a debt and cash free basis. The transaction is subject to completion adjustments and certain conditions precedent, including Pental shareholder approval and an independent expert concluding that the transaction is fair and reasonable. The Pental Board unanimously recommends this transaction to shareholders. Subject to the satisfaction of the conditions precedent, completion is expected to occur on or around October 30, 2023.

DuluxGroup (Australia) Pty Ltd completed the acquisition of Shepparton manufacturing facility from Pental Limited (ASX:PTL) on November 9, 2023. As of October 27, 2023, The deal obtained satisfaction of other conditions precedent, including Pental's shareholder approval.