Disposal of Swadlincote site
26 August 2021
Forterra plc
Disposal of Swadlincote site
Forterra plc today announces that it has completed the disposal of its Swadlincote site for consideration of £14.2m received in cash. The site contained two separate manufacturing facilities; a hollowcore precast concrete flooring factory which was mothballed in 2020 and a bespoke precast concrete facility, the closure of which was announced in July 2021. Forterra will continue to lease part of the site for a nominal amount until the end of the year as remaining operations are wound up and manufacture of our bespoke precast products is consolidated at our Somercotes facility. It is a condition of the sale that the Swadlincote site will not be used for the manufacture of building products.
ENQUIRIES | |
Forterra plc | +44 1604 707 600 |
Stephen Harrison, Chief Executive Officer | |
Ben Guyatt, Chief Financial Officer | |
FTI Consulting | +44 203 727 1340 |
Richard Mountain / Nick Hasell |
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