Acquisition

Morgan Sindall PLC 13 December 2004 Morgan Sindall PLC ('Morgan Sindall') Acquisition of part of Benson Limited The Board of Morgan Sindall is pleased to announce that Bluestone, its construction division, has completed the acquisition of part of Benson Limited, which went into administration today. The acquisition comprises three construction divisions which employ 175 people at three offices in Reigate, Hatfield and Southampton. Benson Limited provides construction, interior fitting out, refurbishment and property maintenance services predominantly in the South East of England. The total consideration for the acquisition is £3m and is being financed from existing cash resources. The division has 38 ongoing contracts and the assets acquired have an anticipated value of £0.1m. John Morgan, Chairman, said: 'This deal further strengthens Bluestone's national coverage and provides it with additional growth opportunities.' 13 December 2004 ENQUIRIES: Morgan Sindall plc Tel: 020 7307 9200 Paul Smith, Chief Executive David Mulligan, Finance Director College Hill Tel: 020 7457 2020 Kate Pope/Matthew Gregorowski This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings