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Total Produce invests in Irish logistics business

3rd May 2012 12:50

RNS Number : 6845C
Total Produce Plc
03 May 2012
 



Total Produce plc

Stock Exchange Announcement

 

 

Total Produce plc invests in Irish logistics business

 

 

Total Produce announces that it has become a 50% shareholder in a newly-formed company which has completed the acquisition of the trade and certain assets of Flancare (Clonmel) Distribution Limited from the provisional liquidator, Mr Declan McDonald of PwC.

The new company is operating from the substantial purpose-built premises previously occupied by Flancare using a modern fleet of vehicles and sophisticated computer and handling systems.

We expect that this transaction will secure employment for 200 people as well as ensuring the continued provision of high levels of service to customers.

 

3 May 2012

 

 

For further information, please contact:

 

Brian Bell, Wilson Hartnell PR

Tel: +353-1-669 0030

 

Ivan Murphy, Davy Corporate Finance

Tel: +353-1-679 6363

This information is provided by RNS
The company news service from the London Stock Exchange
 
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