HYWD Heywood Wms.

RNS No 8204w
RUGBY GROUP PLC
2 September 1999

The Rugby Group PLC

Sale of BCE Cellular Extrusions Ltd
====================================

The Rugby Group PLC (Rugby) announces the sale of BCE Cellular Extrusions Ltd
(BCE) to Heywood Williams Group PLC for a cash consideration of #10.5 million,
subject to closing adjustments.  Heywood Williams, a London Stock Exchange
quoted company, is involved in the manufacture and distribution of building
related products.

BCE, a Scunthorpe based operation, was acquired by Rugby in 1991 and
manufactures and supplies cellular PVCu building products.  In 1998, BCE's
turnover was #10.2million with an operating profit of #1.2million.  The net
operating assets as at 31 December 1998 were #5.7 million plus goodwill of
#2.3million.

BCE is one of the non-core operations that was identified for separate
disposal from the main UK Joinery business, which was sold in August 1999 to
Jeld-Wen.  The disposal is part of Rugby's continuing commitment to focus the
Group on the growth and development of its cement and lime operations.


Enquiries:

David A Harding     Group Finance Director           01788 542666

Debbie Wosskow      Brunswick                        0171 404 5959



END

DISSSDFAFUUUFSU

Heywood Williams (LSE:HYWD)
Historical Stock Chart
From Jun 2024 to Jul 2024

Heywood Williams (LSE:HYWD)
Historical Stock Chart
From Jul 2023 to Jul 2024