Camellia PLC Sale of Loddon Engineering Limited (9434E)
November 09 2015 - 2:00AM
UK Regulatory
TIDMCAM
RNS Number : 9434E
Camellia PLC
09 November 2015
9 November 2015
Camellia Plc
(the "Company")
Sale of Loddon Engineering Limited ("Loddon Engineering")
The Company announces the disposal of the business and certain
assets of Loddon Engineering to a subsidiary of the De Swart
Group.
For the year ended 31 December 2014, Loddon Engineering's loss
before taxation was approximately GBP0.3 million and is expected to
be approximately GBP0.7 million for the year ending 31 December
2015.
Camellia Plc
Malcolm Perkins, Chairman 01622 746655
Tom Franks, Chief Executive Officer
Julia Morton, Company Secretary
Panmure Gordon (UK) Limited (Nominated Adviser and Broker) 020
7886 2500
Russell Cook
James Greenwood
Notes for editors
Loddon Engineering employs 26 staff in Norfolk. It designs and
manufacturers stables, internal loose boxes, external stable doors,
horse exercisers, portable stables, lunge pens, barns, and dog and
cat housing.
The De Swart Group is the parent company of Molenkoning BV which
is a company based in the Netherlands which specialises in the
design and manufacture of horse walkers and fencing.
Camellia Plc (CAM.L) is a global agriculture and horticulture
group, whose activities also extend to engineering, food storage
and distribution, banking and financial services. The Company
employs approximately 75,000 people globally.
Camellia's agriculture and horticulture division is engaged in
the production of tea, edible nuts (macadamias, pistachios and
almonds), citrus fruits, avocado, rubber, forestry, viticulture,
cattle, other horticultural produce and general farming (maize and
soya). The Company is one of the largest private tea producers
world-wide with a total of 65 tea estates and 60 tea factories. The
Company's main tea operations are in India, Bangladesh, Malawi and
Kenya, where the tea is grown and produced. It also has notable
agricultural operations in Brazil, California, Kenya, South Africa
and Malawi.
Camellia's engineering division is engaged in precision
engineering, cutting and grinding, fabrication, heat treatment,
galvanising, powder coating, etch inspection and catalysts. These
businesses are predominantly UK based and serve customers in a
number of sectors including the offshore oil and gas and aerospace
sectors.
Camellia's food storage and distribution division is involved in
frozen, chilled and ambient temperature food supply chain
management providing cold storage, refrigerated transport and
production support to several leading UK food manufacturers. It
also specialises in frozen imports and distributes seafood products
in Europe and supplies food service customers in the Netherlands
with fish products.
Camellia's banking and financial services division comprises
Duncan Lawrie, which provides an integrated suite of banking
services, financial planning, investment management and trust and
estate advice.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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