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04/09/2007
Workers To Be Affected By Readymix Sale
Around 320 people will be affected by the sale of Irish precast concrete products company Readymix, it has been revealed.
County Tyrone company Acheson and Glover, based in Fivemiletown announced the acquisition of part of the company for €49 million yesterday.
Readymix has said it had a business turnover of €55.8 million and earnings before interest, tax, depreciation and amortisation of €7.4 million.
It is understood the staff will be affected by the transfer, after the company announced the disposal of selective parts of the group’s precast concrete products business. Readymix have said the money raised in the sale will be invested in its existing aggregates, ready-mixed concrete and concrete blocks business.
One of the current locations at the East Wall Road plant, has to be vacated by the end of 2008.
Readymix, in a statement, said the disposal provides an "excellent" development platform from which to invest in their core businesses.
(JM/SP)
County Tyrone company Acheson and Glover, based in Fivemiletown announced the acquisition of part of the company for €49 million yesterday.
Readymix has said it had a business turnover of €55.8 million and earnings before interest, tax, depreciation and amortisation of €7.4 million.
It is understood the staff will be affected by the transfer, after the company announced the disposal of selective parts of the group’s precast concrete products business. Readymix have said the money raised in the sale will be invested in its existing aggregates, ready-mixed concrete and concrete blocks business.
One of the current locations at the East Wall Road plant, has to be vacated by the end of 2008.
Readymix, in a statement, said the disposal provides an "excellent" development platform from which to invest in their core businesses.
(JM/SP)
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
