Norish PLC
19 July 2000
NORISH PLC
ACQUISITION EXTENDS
NORISH UK AMBIENT WAREHOUSING NETWORK
Norish plc announces the acquisition from RSH Flowers (Distribution) Ltd. of
the goodwill and fixed assets of its ambient warehousing business based at
Beningbrough, near York. The consideration of Stg£350,000 is payable in cash
on completion. Norish's subsidiary, BWA, will enter into a 10-year lease of
the premises, with option and pre-emption rights. Norish plans to conduct
similar use of the facility including the ambient warehousing of ingredients
and raw materials for confectionery and food manufacturers.
Norish has an extensive UK network of ambient warehouses specialising in the
importation, storage, part processing and delivery of cocoa, coffee and other
products on behalf of commodity dealers, importers and manufacturers. Its
principal locations are in Belvedere (Kent), Felixstowe, Teesport, Hull,
Liverpool, and York. Norish also operates a network of five cold stores in
England and Wales.
Commenting on the announcement today, Paul Byrne, Chief Executive of Norish
plc said: 'The acquisition of 105,000 sq. ft. of modern warehousing space on
the 10 acre Beningbrough site enables BWA to further expand its business, and
to continue to broaden its base by handling a range of non-commodity products.
It also provides a strategically located facility close to several major
customers in the North East of England.'
For reference:
Norish plc
Greg O'Hara Tel: ++353 (01) 835 0790
Murray Consultants
Joe Murray / Maura Haslam Tel: ++353 (01) 632 6400
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