Sirdar PLC
5 April 2000
Sirdar PLC
Results of strategic review of curtains and accessories
division
It was reported on 22 March 2000 that the board was
undertaking a strategic review to determine the future of
the curtains and accessories division which comprises
Eversure Textiles Limited ('Eversure'). This review
included consideration of a major downsizing and/or a move
to a significantly greater proportion of imported product.
Reluctantly the board has concluded that these options will
not return the operation to an acceptable level of
profitability in the foreseeable future and it has,
therefore, been seeking offers for all or part of Eversure.
This process has been ongoing for some two weeks and several
parties have expressed interest. However, the board has had
to consider the possibility that these negotiations may not
be successful and that it may be necessary for the Eversure
operation in Sheffield to close down. A period of
consultation with elected representatives of all employees
will commence shortly to discuss the current situation.
Eversure will continue trading and all current and future
orders will be fulfilled. Negotiations with potential
purchasers are ongoing and a further announcement on the
future plans for Eversure will be made in due course.
Further enquiries:
Sirdar PLC 01924 371501
Kevin Henry, Finance Director