Crawshaw Group PLC Acquisition of East Yorkshire Beef Limited (9030G)
May 13 2014 - 2:00AM
UK Regulatory
TIDMCRAW
RNS Number : 9030G
Crawshaw Group PLC
13 May 2014
Crawshaw Group plc
Acquisition of East Yorkshire Beef Limited
Crawshaw Group plc (the "Company") (AIM: CRAW), announces that
on 12 May 2014 it acquired 100% of the share capital of East
Yorkshire Beef Limited.
This business operates one premium sector butchers shop in
Pocklington, east of York which, for the financial year ended 5(th)
April, 2014 generated a turnover of c. GBP1.1m and profits before
tax of GBP22k. The acquisition gives the Company a foothold in a
completely different sector of the market.
The Chairman, Richard Rose comments :
"We are very excited about this new development as it gives us a
position in the premium segment of our market and provides both a
well established retail store and a new supply chain which we could
expand across other potential sites and online if we choose.
Furthermore we believe there are operational synergies that can
rapidly enhance the profitability of the acquired store."
For further information, please contact:
Crawshaw Group plc
Lynda Sherratt Tel: 01709 369 602
WH Ireland Limited Tel: 0161 832 2174
Katy Mitchell
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQATMFTMBJBBMI
Crawshaw (LSE:CRAW)
Historical Stock Chart
From Jun 2024 to Jul 2024
Crawshaw (LSE:CRAW)
Historical Stock Chart
From Jul 2023 to Jul 2024