Completion of disposal of Australian Subsidiary

RNS Number : 3997I

Norcros PLC

30 May 2014

 



30 May 2014

Norcros

("Norcros", the "Group" or the "Company")

Completion of disposal of Australian Subsidiary

Further to its announcement of 25 March 2014 regarding the conditional agreement to sell 100% of the issued share capital of Norcros Industry (Pty) Ltd. which owns the Group's Australian tiles business, Johnson Tiles (Pty) Ltd. to Kim Hin Industries Berhad, Norcros is pleased to announce that all conditions associated with the sale have been met and that the sale has been completed.

ENQUIRIES:

Norcros plc	Tel: [phone]
Nick Kelsall, Group Chief Executive
Martin Payne, Group Finance Director
Hudson Sandler	Tel: [phone]
Nick Lyon
Charlie Jack
Katie Matthews

Notes to Editors

·    Norcros is a leading supplier of high quality and innovative showers, taps, bathroom accessories, ceramic wall and floor tiles and adhesive products with operations primarily in the UK and South Africa.

·    Based in the UK, Norcros operates under four brands:

·     Triton Showers - Market leader in the manufacture and marketing of showers in the UK

·     Vado - A leading manufacturer and supplier of taps, mixer showers, bathroom accessories and valves

·     Johnson Tiles - A leading manufacturer and supplier of ceramic tiles in the UK

·     Norcros Adhesives - Manufacturer of tile & stone adhesives, grouts and related products

·    Based in South Africa, Norcros operates under three brands:

·     Tile Africa - Chain of retail stores focused on ceramic and porcelain tiles, and associated products such as sanitary ware, showers and adhesives

·     Johnson Tiles South Africa - Manufacturer of ceramic and porcelain tiles

·    TAL - The leading manufacturer of ceramic and building adhesives

·    Norcros is headquartered in Wilmslow, Cheshire and employs around 1700 people. The Company is listed on the London Stock Exchange. For further information please visit the Company website: http://www.norcros.com/

 

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