Staveley Inds. - Acquisition
01 July 1997 - 7:00PM
UK Regulatory
RNS No 7320k
STAVELEY INDUSTRIES PLC
1st July 1997
STAVELEY STRENGTHENS ITS SERVICES BUSINESS FURTHER WITH THE ACQUISITION OF
CENTRAL FIRE PROTECTION LIMITED.
Staveley Industries plc (Staveley) acquired the share capital of Central Fire
Protection Limited on 27 June 1997 for a consideration of #0.5 million.
Central Fire designs, supplies and installs automatic sprinkler systems and
is based in Ware, Herts. It had sales of #1.4 million last year.
The acquisition forms part of Staveley's ongoing strategy for Staveley
Services to become their main focus for growth in the future. This process
will be accelerated following completion of the divestment programme recently
initiated for Staveley Measurement.
The acquisition will supplement Staveley's existing fire protection services
business, Hall & Kay Fire Engineering, with strengths in a different segment
of the market. Hall & Kay is part of Staveley Services which Staveley has
been steadily expanding over recent years and which reported a 17% increase
in sales to #232 million last year.
For further information:
Emma Stops, Communications Manager, Staveley 0181 688 4404
Henrietta Graham-Campbell, Gavin Anderson & Co 0171 457 2345
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