Disposal
March 15 2002 - 5:42AM
UK Regulatory
RNS Number:0448T
AGA Foodservice Group PLC
15 March 2002
15th March 2002
FOR IMMEDIATE RELEASE
AGA FOODSERVICE MAKES FLAVEL FIRES DISPOSAL
Aga Foodservice has entered into a conditional agreement to sell its Flavel
fire brand and related stock and tooling to the Canadian owned CFM Kinder
Limited for £1.15 million in cash. In the year ended 31st December 2001
Flavel fires broke even on turnover of £2.4 million and at that date assets
attributable to the business were £0.7 million.
The sale is part of the repositioning process announced in January 2002 which
will make the Group's Leamington Spa production facilities its centre of
excellence for range cookers.
- ENDS -
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