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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 dry but cloudy start. Rain will extend northeastwards to most places later this morning, becoming persistent and at times heavier this afternoon.The rain then clearing from many places later this evening. Maximum temperature 16 °C.Tonight:Mostly cloudy with a lot of dry weather during the night. Some rain lingering along north and east coasts, extending to inland parts of Country Down and Antrim by morning. Minimum temperature 9 °C.
