20th Oct 2005 09:42
Low & Bonar PLC20 October 2005 Low & Bonar PLC Acquisition of assets of Threshold Floorings On 19th October 2005, Bonar Floors Limited, a subsidiary of Low & Bonar PLC, acquired some assets and intellectual property of Threshold Floorings Limited -in Administration, a manufacturer and developer of flooring products andentrance systems, for a cash consideration of £100,000 from its Administrator. Threshold Floorings will provide a further extension to the Bonar Floors'product range and is in line with Low & Bonar's strategy of addingcomplementary, niche manufactured products. Threshold Floorings' products willbe manufactured and sold through Low & Bonar's existing facilities. Thetransaction will further cement Bonar Floors' leading position in the UKentrance systems market. Enquiries: Low & Bonar PLCJon Kempster, Group Finance Director 020 7298 6820 Tulchan CommunicationsPeter Hewer 020 7353 4200 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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