Company
Franchise Brands PLC
LON:FRAN
Franchise Brands PLC is an international, multi-brand franchisor focused on building market-leading businesses primarily via a franchise model. The company has a combined network of over 625 franchisees across seven franchise brands in ten countries covering the UK, North America and Europe. Franchise Brands' focus is on B2B van-based reactive and planned services. The company owns several market-leading brands with long trading histories, including Pirtek in Europe, Filta, Metro Rod and Metro Plumb, all of which benefit from the group's central support services, particularly technology, marketing and finance.
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Franchise Brands aiming for £1bn market value, says Stifel
Current market cap is around £290m, but opportunities exist says the broker
Franchise Brands focused on building market-leading businesses via franchise model
Company is looking for more acquisitions after integration of Metro Rod
Franchise Brands steps into Europe with £200mln Pirtek acquisition
The consideration is £200mln to be met through a combination of a placing, debt and shares.
Franchise Brands expects to be ahead of forecasts as two largest businesses thrive
Filta is seeing strong activity in North America driven by the elevated price of cooking oil, which is boosting demand for its Filta Fry process that can double its useful life
Franchise Brands interim CFO Andrew Mallows to join board
Mallows has significant experience in franchising and business development
Franchise Brands says former HSBC banker Andy Brattesani has joined its board as a non-executive director
From 2016 until recently Brattesani was UK Head of Franchise at HSBC, the market leader in the UK franchise sector with an extensive client base including many of the largest franchise brands
Franchise Brands ups dividend 50% after 'buoyant' first half
Drain maintenance businesses Metro Rod and Metro Plumb led the way
Franchise Brands agrees payment to end Willow Pumps earn-out
Willow Pumps was acquired by Franchise Brands in 2019
Franchise Brands looks forward to rest of year 'with considerable confidence'
"Overall, the group is trading well, and the board looks forward to the rest of the year with considerable confidence," said the group's chair, Stephen Hemsley
Franchise Brands reminds forgetful Filta Group shareholders to get their skates on
Full details on how to accept the offer are set out in the offer document, a copy of which is available on Franchise Brands' website
Franchise Brands offer for Filta Group goes unconditional
The deal was approved by shareholders on Monday and valid acceptances of the shares was been received on Tuesday