Further to the announcement made on 4 July 2016, Low & Bonar, the international performance materials group with leading positions in niche industrial markets, is pleased to announce that it has now completed the sale of its artificial grass yarns production business, for a cash consideration of €27.0m on a cash-free/debt-free basis to the Mattex Group. The information and consultation process with affected employees is now also complete.
2 September 2016
For further information, please contact:
Low & Bonar PLC 020 7535 3180
Brett Simpson, Group Chief Executive
Mike Holt, Group Finance Director
Instinctif Partners 020 7457 2020