ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

CRL Carel Industries SpA

18.46
0.28 (1.54%)
27 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Carel Industries SpA BIT:CRL Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.28 1.54% 18.46 17.80 18.90 18.52 18.20 18.44 20,219 17:00:00

Acquisition

07/03/2003 3:26pm

UK Regulatory


RNS Number:4673I
Creightons PLC
07 March 2003

                                 Creightons plc

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

Creightons is pleased to announce that it has agreed to acquire (through a
wholly owned subsidiary) the brands, goodwill and international intellectual
property rights ("IPR") of Nemesis Toiletries Limited (in Administration) on 7
March 2003.

The IPR relates to a number of branded and private label personal care products,
including the well-known name Potter & Moore. The consideration of #200,000 has
been satisfied in cash.

The Board of Creightons expects the Company to benefit from the extended product
range, and believes that the Company's turnover will receive a modest boost.

Potter & Moore is a long-established quality private label supplier. The
acquisition will enhance the Group's ability to innovatively serve major retail
customers. The two businesses will continue to run separately on a day-to-day
operational basis, ensuring continuation of existing customer and supplier
relationships whilst giving an enhanced opportunity for further product
development and service improvements.

Creightons' Executive Chairman, William McIlroy said: "The Board is very excited
with the acquisition. It will give us the opportunity to build on both
businesses' established positions in the personal care market; benefiting our
customers, suppliers and shareholders.

"This acquisition is part of the Company's strategy to build the existing
Creightons personal care operations into a viable, profitable business," Mr
McIlroy added.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

ACQEDLFBXXBLBBZ

1 Year Carel Industries Chart

1 Year Carel Industries Chart

1 Month Carel Industries Chart

1 Month Carel Industries Chart

Your Recent History

Delayed Upgrade Clock