3rd Feb 2009 07:00
FOR RELEASE
7.00 AM
3 FEBRUARY 2009
ACAL plc
SEMICONDUCTOR CONTRACT TERMINATION
Acal has been notified by one of its semiconductor suppliers to the electronics division that it is terminating Acal's distribution contract. Termination will take effect from 30 April 2009.
This product line represents approximately 4% of group revenue and 3% of gross margin.
As stated in our Interim Management Statement dated 23 January, we are carrying out a review of Acal's business and strategy and will factor this contract loss into the review.
For further information:-
|
Nicholas Jefferies ~ Chief Executive Malcolm Cooper ~ Finance Director Brian Coleman-Smith/James Verstringhe Cubitt Consulting |
01483 544500 01483 544500 020 7367 5100 |
Notes to Editors:
Acal is a leading European value-added distributor providing specialist design-in, sales and marketing services for international suppliers in the fields of Electronic Components, Supply Chain Services and Medical and Scientific products. Organised into three divisions, Acal has 15 principal trading companies of which 8 are in Continental Europe and 7 in the UK.
Acal is now Europe's strongest multi-disciplined design-in electronics distributor and has always differentiated its offering with a strong focus on demand creation and a highly skilled technical sales force. Vertec Scientific, which operates in both the UK and South Africa, represents leading manufacturers in the field of bone densitometry, medical imaging and diagnostics. The Supply Chain division provides spare parts to field services organisations and is a supplier to virtually every leading company in that market.
Related Shares:
DiscoverIE