Treatt PLC Update on Site Relocation (6487S)
December 22 2016 - 10:11AM
UK Regulatory
TIDMTET
RNS Number : 6487S
Treatt PLC
22 December 2016
22 December 2016
TREATT PLC
Update on Site Relocation
Treatt Plc ('Treatt', the 'Company' or the 'Group'), the
manufacturer and supplier of innovative ingredient solutions for
the flavour, fragrance and FMCG industries announces that, further
to the updates on the Group's proposed site relocation set out in
the Company's results for the year ended 30 September 2016
announced on 29 November 2016, it has conditionally exchanged
contracts on a ten acre plot of land on Suffolk Park being
developed by Jaynic in Bury St Edmunds.
Completion of the purchase, the price of which is subject to
contractual confidentiality, is conditional upon the vendor being
granted outline planning permission, application for which is due
to be made shortly.
The purchase of the land will be funded from existing resources
and it is not anticipated that further major capital outlay will be
required until later in calendar 2017.
Enquiries:
Treatt plc +44 (0)1284 702500
Daemmon Reeve Chief Executive Officer
Richard Hope Finance Director
Brokers
Investec Investment Banking
Patrick Robb +44 (0)20 7597 4000
David Anderson
Public relations
Davidson Ryan Dore
Lawrence Dore +44 (0)20 7520 9218
About the Group
Treatt is a global, independent supplier of innovative
ingredient solutions for the flavour, fragrance and FMCG
industries. Renowned for its technical expertise and knowledge of
ingredients, their origins and market conditions, Treatt is
recognised as a leader in its field.
The Group employs over 300 staff in Europe, North America,
Africa and Asia and has manufacturing facilities in the UK, USA and
Kenya. Its international foot print enables the Group to deliver
powerful and integrated solutions for the food, beverage and
fragrance industries across the globe.
Earthoil is the cosmetics ingredients division of Treatt, which
specialises in pure and organic fair trade essential and cold
pressed vegetable seed oils, offering a broad spectrum of natural
raw materials for cosmetic applications.
For further information about the Group, visit www.treatt.com
and www.earthoil.com.
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
This announcement contains forward-looking statements that are
subject to risk factors associated with, among other things, the
economic and business circumstances occurring from time to time in
the countries, sectors and markets in which the Group operates. It
is believed that the expectations reflected in these statements are
reasonable but they may be affected by a wide range of variables
which could cause actual results to differ materially from those
currently anticipated. No assurances can be given that the
forward-looking statements in this announcement will be realised.
The forward-looking statements reflect the knowledge and
information available at the date of preparation of this
announcement and the Group undertakes no obligation to update these
forward-looking statements. Nothing in this announcement should be
construed as a profit forecast.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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