Brickmaker Ibstock is selling five plants at Eldon and Todhills in Durham, Steer Point, in Plymouth and Warnham and Wealden in West Sussex for £53m. The purchaser is Ambion Bricks.The sell-off is required to avoid a Monopolies and Mergers investigation following Ibstock’s £155m purchase of Redland’s UK brick division last year.
Ibstock announced an 80% drop in pre-tax profits to £2.41m for the six months to June.
- Financial Times 06/03/97 page 33
- The Times 06/03/97 page 30
- The Independent 06/03/97 page 20
- The Daily Telegraph 06/03/97 page 33
