Barr(A.G.) PLC
28 March 2006
IMMEDIATE RELEASE 28 March 2006
A.G.BARR p.l.c.
Property Sale, Investment and Site Closure Plans
A.G.Barr p.l.c, the soft drinks group, alongside their Preliminary results (see
separate release) today makes the following announcements.
Property Sale
Six properties in Scotland have been sold for a total consideration of £6.75
million which gives a net gain after costs of approximately £1 million. These
properties are the surplus sites which will be vacated following the completion
of the previously announced supply chain consolidation project, planned to be
completed by the end of the calendar year.
Manufacturing Re-structure
As part of the Company's drive to attain an efficient operating platform, today
A.G.BARR p.l.c. announce plans for a capital investment of around £6.5 million
in its Cumbernauld and Mansfield facilities. It is anticipated that this
investment will be offset partially by further property disposal proceeds to be
announced at a later date.
The Company has also announced that it is in consultation with employees with a
view to closing its Atherton site by early 2007.
One-off costs, relating largely to the closure of the Atherton site, are
estimated at £3.2 million and ongoing operating cost improvements are expected
to be circa £1 million per annum phased in from 2007/08.
For further information, please contact:
A.G.Barr Tel: 0141 554 1899
Roger White, Chief Executive
Buchanan Communications Tel: 020 7466 5000
Tim Thompson / Nicola Cronk
This information is provided by RNS
The company news service from the London Stock Exchange
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