MILAN (AIMnews.it) - Clabo has signed a binding agreement for the acquisition of 51% of the Class A shares of the US company Howard McCray for 2.1 million dollars (in addition to 200.0000 dollars for Class B shares). Estimated 5.1 million dollars, the US company has achieved 10.6 million dollars in revenues in the first 11 months of 2017 and 0.75 million ebitda. "The acquisition represents an important new step in the development of our group - said the president of Clabo Pierluigi Bocchini - With the new scope of activity we set the target of € 60 million in revenues already in 2018, which was the 2020 target of the business plan. The consolidation of Clabo USA in Hmc will also allow us to obtain savings of around 600.000 euros already in the first year of activity, when we expect to obtain an ebitda in the US of about 1.2 million euros. At the consolidated level the target of 7.5 million euros of ebitda becomes possible ". The acquisition will be financed with the liquidity available and, for a countervalue of 350.000 dollars, with treasury shares. Clabo thus consolidates its presence in the US, the third outlet market for an Italian company on AIM, and will have a new production and logistics base.