Contico Manufacturing Company
FE Investegate announcements from Proventec PLC, Disposal of Contico Manufacturing Limited.
Contico Manufacturing Company
Proventec plc (Alternext:ALPTC), the provider of specialist steam cleaning technologies, today announces that the Company has sold its subsidiary Contico Manufacturing Limited ("Contico") to Robert Scott & Sons Limited, the UK's leading distributor of retail and wholesale cleaning products. The sale of Contico is in line with the Company's stated strategy of exiting its non-core investments and at this time no financial details surrounding the disposal are being disclosed.
Based in Redruth, Cornwall in the UK, Contico is a provider of general cleaning products and janitorial equipment and supplies. The proceeds of the sale will be used to develop Proventec's core business.
David Chestnutt, Chief Executive of Proventec, commented: "The Board continues to follow our strategy of exiting non-core investments. We remain committed in maximising shareholder value and the disposal of Contico allows us to focus our efforts on achieving this."
Proventec manages a complementary portfolio of integrated businesses that specialise in hygienic solutions. Headquartered in Liverpool, UK, the Company operates in global markets, pioneering developments within the healthcare, food manufacturing, hospitality industries, transportation, construction, and other sectors. Companies in Proventec's portfolio include:
Frank Manufacturer and distributer of automated cleaning systems and products including portable high pressure washers, self-service vehicle wash stations and dry steamers.
Proventec Healthcare provides innovative solutions for infection control and effective cleaning in the healthcare sector. The Company's specialist steam cleaning technology has been successfully proven in clinical trials with University College London Hospitals to rid all areas and combat the spread of micro-organisms, including 'superbugs' such as MRSA and Clostridium difficile. The Company has developed specialist, patented tooling, which has been designed to be used within hospitals on a daily basis and enable the user to clean difficult to reach areas including mattresses, bed frames and curtains without the use of antimicrobial chemicals that may contribute to microbial resistance.
The announcements are supplied by the denoted source. Queries about the content of an announcement should be directed to the source. FE Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filtered from this site.
Based in Redruth, Cornwall in the UK, Contico is a provider of general cleaning products and janitorial equipment and supplies. The proceeds of the sale will be used to develop Proventec's core business.
David Chestnutt, Chief Executive of Proventec, commented: "The Board continues to follow our strategy of exiting non-core investments. We remain committed in maximising shareholder value and the disposal of Contico allows us to focus our efforts on achieving this."
Proventec manages a complementary portfolio of integrated businesses that specialise in hygienic solutions. Headquartered in Liverpool, UK, the Company operates in global markets, pioneering developments within the healthcare, food manufacturing, hospitality industries, transportation, construction, and other sectors. Companies in Proventec's portfolio include:
Frank Manufacturer and distributer of automated cleaning systems and products including portable high pressure washers, self-service vehicle wash stations and dry steamers.
Proventec Healthcare provides innovative solutions for infection control and effective cleaning in the healthcare sector. The Company's specialist steam cleaning technology has been successfully proven in clinical trials with University College London Hospitals to rid all areas and combat the spread of micro-organisms, including 'superbugs' such as MRSA and Clostridium difficile. The Company has developed specialist, patented tooling, which has been designed to be used within hospitals on a daily basis and enable the user to clean difficult to reach areas including mattresses, bed frames and curtains without the use of antimicrobial chemicals that may contribute to microbial resistance.
The announcements are supplied by the denoted source. Queries about the content of an announcement should be directed to the source. FE Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filtered from this site.
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