16th Jan 2007 11:03
Scapa Group PLC16 January 2007 16 January 2007 Scapa Group plc Sealants Disposal Scapa is pleased to announce today the sale of its Sealants operations for £4.9min cash with completion expected to occur in February. The business had salesin 2005/06 of £7m and operating profits of £0.3m. It employs 71 people and isbased in Lymington, Hampshire. Net assets at disposal amounted to £2m. Commenting on the sale, Scapa Chief Executive, Calvin O'Connor, said:- "The sale of our sealants business represents another successful step in theimplementation of Scapa's recovery strategy with this deal being the thirddisposal from our peripheral operations." For further information please contact:- Calvin O'Connor Scapa Group plc Tel: 0161 301 7430 Mark Stirzaker Scapa Group plc Tel: 0161 301 7430 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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