5th Jun 2006 07:00
Yule Catto & Co PLC05 June 2006 Yule Catto & Company plc Disposal of Reabrook Limited Yule Catto is an international producer of speciality chemicals, which aresupplied to global customers, ranging from manufacturers of medical gloves,paint and adhesives to the pharmaceuticals and cosmetics industries Yule Catto & Co plc is pleased to announce the sale today of Reabrook Limited toGellaw 108 Limited, a company formed by the Reabrook senior management. As part of the transaction, borrowings of £3.8 million will be assumed by theacquirer and an additional cash payment of £624,000 will be payable over a 12month period. The gross assets of Reabrook Limited at 31 December 2005 were £7.3million and the operating profit in 2005 was £27,000. 5 June 2006 ENQUIRIES: Yule Catto 01279 442791Sean Cummins, Finance Director College Hill 020 7457 2020Gareth David This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Synthomer