Chemicals and logistics group DGL hires bankers, lawyers for listing
It’s the sort of business old-head industrial fund managers should enjoy sinking their teeth into; there’s logistics (warehousing and distribution) and manufacturing (chemicals) in Australia and New Zealand, as well as an environmental arm aimed at recovery and recycling.
There’s also revenue, earnings, profit and assets – unlike a lot of other IPO contenders in front of small cap investors in recent weeks.
It is understood Henry and DGL Corporation have yet to sign off on the listing plans, however is doing everything in its power to be ready to test investor appetite. Much depends on equity market conditions, and whether the group can complete some identified acquisitions.