Disposal of Swadlincote site

RNS Number : 8633J
Forterra plc
26 August 2021
 

26 August 2021

 

Forterra plc

 

Disposal of Swadlincote site

 

Forterra plc today announces that it has completed the disposal of its Swadlincote site for consideration of £14.2m received in cash. The site contained two separate manufacturing facilities; a hollowcore precast concrete flooring factory which was mothballed in 2020 and a bespoke precast concrete facility, the closure of which was announced in July 2021. Forterra will continue to lease part of the site for a nominal amount until the end of the year as remaining operations are wound up and manufacture of our bespoke precast products is consolidated at our Somercotes facility. It is a condition of the sale that the Swadlincote site will not be used for the manufacture of building products. 

 

 

ENQUIRIES




Forterra plc

+44 1604 707 600

Stephen Harrison, Chief Executive Officer


Ben Guyatt, Chief Financial Officer




FTI Consulting

+44 203 727 1340

Richard Mountain / Nick Hasell


 

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