Business
Disposal of Reabrook Limited
Disposal of Reabrook Limited.
About this update from Synthomer Plc
[{"type":"text","content":"\n Yule Catto & Co PLC\n05 June 2006\n\n\n\n\n\nYule Catto & Company plc\n\nDisposal of Reabrook Limited\n\n\nYule Catto is an international producer of speciality chemicals, which are\nsupplied to global customers, ranging from manufacturers of medical gloves,\npaint and adhesives to the pharmaceuticals and cosmetics industries\n\nYule Catto & Co plc is pleased to announce the sale today of Reabrook Limited to\nGellaw 108 Limited, a company formed by the Reabrook senior management.\n\n\nAs part of the transaction, borrowings of £3.8 million will be assumed by the\nacquirer and an additional cash payment of £624,000 will be payable over a 12\nmonth period. The gross assets of Reabrook Limited at 31 December 2005 were £7.3\nmillion and the operating profit in 2005 was £27,000.\n\n\n\n 5 June 2006\n\n\n\nENQUIRIES:\n\nYule Catto 01279 442791\nSean Cummins, Finance Director\n\nCollege Hill 020 7457 2020\nGareth David\n\n\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1305,"tagName":"div"}]