BTR PLC - Disposal
04 September 1997 - 8:01PM
UK Regulatory
RNS No 4746n
BTR PLC
4th September 1997
DISPOSAL OF SERCK HEAT TRANSFER
BTR plc announces the sale of Serck Heat Transfer to an
institutional buyout led by NatWest Ventures for #31.5 million.
Serck Heat Transfer, which operates in the UK and US, designs
and manufactures heat transfer equipment for cooling engines,
transmissions, turbines, processes for power generation,
compressors, marine (including naval), construction equipment
and automotive applications. In the year to 31 December 1996,
the business generated sales of #22.5 million and the net
assets subject to the transaction are approximately #8.4
million.
For more information please contact:
BTR plc
Stuart Gendall, Manager, Corporate Communications
Tel: +44 (0) 171 821 3726
Brunswick Group
Victoria Sabin
Tel: +44 (0) 171 404 5959
Visit BTR's web site at: www.btrplc.com
END
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