International supplier of building products and the parent company of AmesburyTruth, Tyman PLC (formerly Lupus Capital PLC), will acquire The Bilco Company for a price of $75m. An identical agreement has been signed by both companies.

The acquisition plan is a part of Tyman’s strategy to grow and improve AmesburyTruth’s product range.

The target company builds and supplies ventilation and security products to the building industry.

US-based physical commodities trading firm SoOum Corp will take over general construction contracting company Western Grade LLC, also based in the US.

The transaction will enable the acquirer company to further pursue its mission of minimising scarcity and reducing shortages.