2nd Jul 2007 07:00
Alumasc Group PLC02 July 2007 EMBARGOED - 2 July 2007 - 7 am 2nd July 2007 The Alumasc Group PLC Alumasc Completes Sale of Brock Metal The Alumasc Group plc (ALU.L), the premium building and engineering productsgroup, confirms that, on 29th June, it completed the sale of the Brock Metalbusiness, the leading UK supplier of zinc and aluminium die-casting alloys, toChelyabinsk Zinc Plant ("CZP") for cash consideration of £8.15 million, subjectto completion accounts adjustment. As announced on 8th June 2007, Alumasc will retain ownership of Brock's freeholdfactory near Cannock, which has an estimated value of £1.5 million and will beleased to CZP. All of Brock's existing management team and employees willtransfer with the business. CZP (CHZN) is the leading producer of SHG zinc and zinc alloys in Russia. Paul Hooper, Chief Executive of Alumasc, said: "The sale of Brock Metal, and the acquisition in May of Levolux, demonstratesthe Group's focus on further growing the profitability of its core niche premiumbuilding and precision engineering products businesses." Enquiries: The Alumasc Group plc 01536 383844Paul Hooper (Chief Executive) Bankside Consultants Limited Charles Ponsonby 020 7367 8851 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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