SDS acquires Manley

SDS Corp is to acquire Canadian drill product manufacturer Manley Steels for around $2.5-3.5 million in shares and cash, with the final price determined by the book value of Manley's assets.

For its money, SDS gets a business with annual turnover of $4-5 million and an average EBITDA to sales ratio of for the last 10 years of 9-10%.