Mincon adds new acquisition, builds sales

Mincon (AIM: MCON) CEO Joe Purcell says the company has hit a ?,?120 million (US$147 million) annual revenue run rate following its latest acquisition, of Sweden's Driconeq. The Irish drilling products manufacturer this week reported ?,?17.1 million net earnings on 2017 full-year sales of ?,?97.4 million, up 28% on the previous 12 months.

Staff reporter

Ireland Mincon has acquired Swedish drill pipe manufacturer Driconeq

Scandinavia has been a happy hunting ground for Mincon in the past 12 months.