2 March 2015
("Norcros", the "Group" or the "Company")
Completion of disposal of entire surplus legacy freehold portfolio
Further to its announcement of 24 December 2014 regarding the unconditional agreement to sell its entire portfolio of surplus legacy freehold properties to Clowes Developments (UK) Ltd for £6.5m cash, Norcros is pleased to announce that the sale has completed today as planned.
ENQUIRIES:
Norcros plc |
Tel: 01625 547 700 |
Nick Kelsall, Group Chief Executive |
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Martin Payne, Group Finance Director |
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Hudson Sandler |
Tel: 0207 796 4133 |
Nick Lyon |
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Charlie Jack |
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Katie Matthews |
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Notes to Editors
· Norcros is a leading supplier of high quality and innovative showers, taps, bathroom accessories, ceramic wall and floor tiles and adhesive products with operations in the UK and South Africa.
· Based in the UK, Norcros operates under four brands:
· Triton Showers - Market leader in the manufacture and marketing of showers in the UK
· Vado - A leading manufacturer and supplier of taps, mixer showers, bathroom accessories and valves
· Johnson Tiles - A leading manufacturer and supplier of ceramic tiles in the UK
· Norcros Adhesives - Manufacturer of tile & stone adhesives, grouts and related products
· Based in South Africa, Norcros operates under three brands:
· Tile Africa - Chain of retail stores focused on ceramic and porcelain tiles, and associated products such as sanitary ware, showers and adhesives
· Johnson Tiles South Africa - Manufacturer of ceramic and porcelain tiles
· TAL - The leading manufacturer of ceramic and building adhesives
· Norcros is headquartered in Wilmslow, Cheshire and employs around 1750 people. The Company is listed on the London Stock Exchange. For further information please visit the Company website: http://www.norcros.com/
