Norish PLC
30 August 2005
Norish plc ('Norish' or the 'Company')
30 August 2005
York
Norish is pleased to announce that it has exercised an option to acquire
the land and property of its York facility from RSH Properties Limited for
a total consideration, net of costs, of £2.0 million. The York facility is
an ambient food storage warehouse and has been leased since July 2000.
The purchase of York will increase profits before tax at the facility by
approximately £84,000 per annum. The purchase of the York facility will be
funded by a term loan from HSBC.
The acquisition of the York facility will further strengthen the ability of
Norish to develop its existing facilities and broaden the range of
services provided.
Enquiries:
Norish
Ted O'Neill, Executive Chairman Telephone: + 44 1322 303 461
NCB
Liam Booth, Managing Director Telephone: + 353 1 611 5611
About Norish:
Norish is a third party multi-temperature warehousing and logistics business
providing services to importers, manufacturers, wholesalers, retailers
and distributors. Norish operates from seven sites and provides in excess of
80,000 racked pallet spaces, of which 50,000 are temperature controlled. All
sites offer storage (including bonded), handling, de-vanning, picking and
packing, cross-docking and distribution with freezing and other temperature
controlled services available from the cold stores.
This information is provided by RNS
The company news service from the London Stock Exchange
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