FORTERRA PLC

M&A Activity • Aug 26, 2021

National Storage Mechanism | Additional information

RNS Number : 8633J

Forterra plc

26 August 2021

26 August 2021

Forterra plc

Disposal of Swadlincote site

Forterra plc today announces that it has completed the disposal of its Swadlincote site for consideration of £14.2m received in cash. The site contained two separate manufacturing facilities; a hollowcore precast concrete flooring factory which was mothballed in 2020 and a bespoke precast concrete facility, the closure of which was announced in July 2021. Forterra will continue to lease part of the site for a nominal amount until the end of the year as remaining operations are wound up and manufacture of our bespoke precast products is consolidated at our Somercotes facility. It is a condition of the sale that the Swadlincote site will not be used for the manufacture of building products. 

ENQUIRIES
Forterra plc	+44 1604 707 600
Stephen Harrison, Chief Executive Officer
Ben Guyatt, Chief Financial Officer
FTI Consulting	+44 203 727 1340
Richard Mountain / Nick Hasell

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