Booth secures £2.9m contract extension

RNS REACH

21 January 2021

Avingtrans Plc

("Avingtrans", the "Company" or the "Group")

Booth Industries secures £2.9m contract extension

Begins development of new manufacturing facility

Avingtrans PLC (AIM: AVG), which designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy and medical sectors, is delighted to announce its wholly owned subsidiary, Booth Industries (Booth), has secured a contract extension worth £2.9 million with a UK Government agency.

The extension is for the supply of doors designed, developed and tested over several decade's by Booth and demonstrates the businesses unique capability to supply high-integrity assured solutions for specialised applications.

Work will begin immediately, with the doors being delivered over the next 18 months.

Booth Industries also recently completed the demolition of part of its Nelson Street site in Bolton as it makes way for the construction of a new manufacturing facility that will increase the businesses overall manufacturing capacity to 6,400m2.

As well as expanding Booth's manufacturing floor space, the new development will also see investment in new materials handling equipment, new Factory Acceptance Testing (FAT) facilities and improved site welfare.

Mike Jenkinson, managing director of Booth Industries, said: "We're delighted to have been awarded the contract extension, which both sees the business start the new year on the same upwards trajectory we have been on since our acquisition in 2019 and demonstrates the confidence that one of our largest customers has in the business."

Austen Adams, managing director of Avingtrans PLC's Process Solutions and Rotating Equipment division, said: "This is a tremendous start to the year for Booth and builds on its recent success securing contracts on nationally-important infrastructure projects, such as HS2. This contract extension supports the ambitious growth plans we have in place for the business and provides a strong foundation on which to build over the coming year."

"The team at Booth has made great progress over the last 18 months, generating a substantial order book covering more than one year's sales and creating a robust pipeline of forward orders."

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Avingtrans designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.

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