TT Group PLC
12 September 2000
Disposal
Further to the disposal programme announced in March, TT
Group has disposed of Strainstall Engineering Services
Limited for cash of £1.1million. This company which is
based on the Isle of Wight has been acquired by its
management.
Strainstall Engineering is the first company to be sold
as part of TT Group's disposal programme. TT Group will
be making further disposal announcements in due course.
John Newman, Executive Chairman TT Group PLC, commented:
'Following the Group's decision to focus on its
electronic and electrical sectors, Strainstall
Engineering now falls outside our core business and I am
delighted that Strainstall's management will now take
this company forward. The first phase of our disposal
programme is progressing.'
Enquiries:
TT Group PLC Tel: 01932 856647
John W Newman, Executive Chairman
College Hill Tel: 0207 457 2020
James Henderson
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