Ibstock said yesterday that it would sell six brick plants following its £160m purchase of Redland’s UK brick business, as ordered by the trade and industry secretary. The plants, which will be sold as going concerns, are at: Steerpoint in south-west England, Eldon and Toodhills in the north-east and South Holmwood, Chailey and Funton in the south-east. Redland has agreed to pay Ibstock up to £12.5m in compensation, depending on the sale proceeds.
- The Financial Times 12/7/96 page 10
- The Daily Telegraph 12/7/96 page 31
- The Times12/7/96 page 28
- The Independent 12/7/96 page 23
- The Guardian 12/7/96 page 18
