Completion of Acquisition

RNS Number : 6556J

Billington Holdings PLC

21 December 2015

 

21^st December 2015

Billington Holdings Plc

("The Company" or "Billington")

Completion of Acquisition.

Billington Holdings Plc, one of the UK's leading structural steel and construction safety solution specialists, today confirms, that further to the announcement dated 20 November 2015, it has now completed its acquisition of property, from Sabler Enterprises Limited located at Shafton, and equipment and other assets from Sherling Steel (UK) Limited for a combined consideration of £4.88m.

Commenting on the completion, Mark Smith, Chief Executive Officer of Billington, said "I am pleased the acquisition of the site at Shafton along with the insitu plant and machinery has been completed successfully. The facility enhances Billington's capacity and capabilities and we are now able to provide wide offering of steel processing services through Shafton Steel Services. It is an exciting period for the Company and presents significant opportunity to further develop the Group".

For further information please contact:

Billington Holdings Plc                                                                                                  Tel:        [phone]

Mark Smith, Chief Executive

Trevor Taylor, Finance Director

W H Ireland Limited                                                                                                       Tel:        [phone]

Katy Mitchell

Blytheweigh                                                                                                                      Tel:        [phone]

Tim Blythe                                                                                                                          Mob:     [phone]

Wendy Haowei                                                                                                                 Mob:     [phone]

 

END

 

 

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