Bandt PLC - Formation of New Company
April 15 1999 - 3:30AM
UK Regulatory
RNS No 6735m
BANDT PLC
15 April 1999
Formation of FK Multiservices Limited
Bandt plc, a provider of scaffolding and other industrial
services to construction and manufacturing businesses
throughout the UK, announces today the amalgamation of
its industrial services activities into one entity to be
renamed FK Multiservices Limited (FKM).
FKM, which will become operational on 3 May, will
ultimately comprise Bandt's existing industrial services
businesses: Kwikform's Industrial Services Division,
Fincham Industrial Services and three of the businesses
acquired in January and February, namely Global Protect
Limited, THK Insulation Limited and certain activities of
Brian Willey Limited. FKM will have approximately 800
employees and will operate initially from branches in
Middlesborough, Derby and Dartford.
Richard Wilson, Bandt's Chief Executive, comments: "The
formation of FK Multiservices Limited will bring
together all our businesses operating in the industrial
sector under a new brand name. Our research confirms
that the provision of a range of specialist services
through one company will be well received in a market
which will continue to grow in line with the growth in
outsourcing".
For further information, please contact:
Bandt plc 01256 477 760
Richard Wilson, Chief Executive
Dick Rutter, Finance Director
Ludgate Communications 0171 253 2252
Tim Davis
END
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