4 April 2005
LAWRENCE plc
Lawrence sells Blackfast Chemicals
Lawrence plc has exchanged contracts to sell the business
and assets of Blackfast Chemicals, its metal finishing
business, to Blackfast's management. The cash consideration
of £1.3 million will be paid on completion, which is
expected within the next two months. The disposal is with
effect from 31 March 2005.
Peter Lawrence, Chairman of Lawrence plc, commented:
"This sale reflects our clearly defined strategy of
increasing focus on our fast growing animal health and
additives businesses. We acquired Blackfast in 1990 and it
has grown strongly under our ownership; we wish the
management and staff further success in the years ahead."
Contacts:
Peter Lawrence
Chairman, Lawrence plc
020 8336 2900
Anthony Spiro
Spiro Financial
020 8949 0428
Philip Davies
Charles Stanley & Co
020 7953 2000
Lawrence plc is a leader in the development, manufacture and
distribution of principally specialist chemical and
pharmaceutical products for the animal health and farming
markets worldwide. Our products for these growth markets
incorporate natural ingredients to promote well being and
sustainability. We achieve our financial goals through the
careful and responsible application of science to generate
value for our shareholders.
Our corporate web site www.lawrenceplc.com includes our
press releases together with general information about the
company and its subsidiaries. Each subsidiary also has a web
site, which gives further information about that business
and its products.
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