Source - RNS
RNS Number : 7479I
Low & Bonar PLC
02 September 2016
 

Low & Bonar PLC

("Low & Bonar" or the "Group")

 

Completion of Disposal

 

Further to the announcement made on 4 July 2016, Low & Bonar, the international performance materials group with leading positions in niche industrial markets, is pleased to announce that it has now completed the sale of its artificial grass yarns production business, for a cash consideration of 27.0m on a cash-free/debt-free basis to the Mattex Group. The information and consultation process with affected employees is now also complete.

 

 

 

2 September 2016

 

For further information, please contact:

 

Low & Bonar PLC

Brett Simpson, Group Chief Executive

Mike Holt, Group Finance Director

020 7535 3180



Instinctif Partners

Matthew Smallwood

Helen Tarbet

020 7457 2020

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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