Completion of Disposal of Testing Business

17th Oct 2008 13:47

BODYCOTE PLC COMPLETION OF DISPOSAL OF TESTING BUSINESS

Bodycote plc, the specialist thermal processing company, is very pleased to announce that it has completed the disposal of the group's Testing Strategic Business Unit to Clayton Dubilier & Rice for a cash consideration of ‚£417 million.

A circular dealing with the prospective return of capital is expected to be sent to shareholders for their consideration in November.

Alan Thomson, Chairman of Bodycote plc, said:

"We are very pleased to have completed this value crystallising transaction, especially given the current financial market conditions. It is an excellent result for our shareholders. The Group will now be focussed on developing the wide ranging opportunities for the Thermal Processing business"

For further information, please contact:

Bodycote plc

John Hubbard, Chief Executive Officer Telephone: 01625 505 300

David Landless, Group Finance Director Telephone: 01625 505 300

Financial Dynamics

Jon Simmons Telephone: 020 7831 3113

- ENDS -

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