Argent Industrial Limited (JSE:ART) acquired American Shutters Proprietary Limited from S.E. Palmer, D.J. Snyman and K.M. Palmer for ZAR 56.9 million on September 2, 2021. The cash consideration of R56.9 million to be settled in cash within 24 hours after the completion date of the agreement being September 2, 2021. As of July 31, 2021, American Shutters Proprietary Limited had net assets of ZAR 11.7 million, attributable profits of ZAR 9.7 million. There are no outstanding conditions precedent. Argent Industrial Limited (JSE:ART) completed the acquisition of American Shutters Proprietary Limited from S.E. Palmer, D.J. Snyman and K.M. Palmer on September 2, 2021.