Marshalls PLC
18 June 2001
Marshalls Acquires Stancliffe Stone Co. Limited
Marshalls Plc the specialist Concrete, Stone and Clay Landscape Products
Group announces the acquisition of the entire share capital of Stancliffe
Stone Co. Limited ('Stancliffe') a Natural Stone, Walling and Paving
business for a total consideration of £10m payable in cash and loan notes.
In the financial year ended 31st August 2000 Stancliffe had sales of £5.9m
and profit before tax of £1.3m. Net assets employed were £4.1m.
Stancliffe will form part of Marshalls Natural Stone operation within the
Emerging Businesses Division. It has good stone reserves and a strong
market position in stone walling. This will complement Marshalls
traditional strength in stone paving.
Christopher Burnett, Marshalls Chairman, said: 'Stancliffe is a well managed
high quality natural stone business with a good cultural and operational fit
with Marshalls. This transaction is illustrative of our declared strategy
to build the individual business units in the Emerging Businesses Division,
through acquisition and organic growth, into divisions in their own right'.
Enquiries:
Christopher Burnett, Chairman Marshalls Plc 01422 306400
Jon Coles/William Cullum, Brunswick Group 020 7404 5959
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.