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Product category: Construction companies
News Release from: AMEC
Edited by the Buildingtalk Editorial Team on 13 April 2007

AMEC dispose of its precast concrete
business

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AMEC announces the disposal of its precast concrete business.

AMEC plc, the international project management and services company announce that it has completed the sale of the business and assets, including certain contracts, of Buchan Concrete Solutions to the Roger Bullivant Group of Companies for an undisclosed amount Based in Byley, Cheshire, Buchan Concrete Solutions employs approximately 170 people and generated revenues of GBP29 million in the year ended 31 December 2006

Net assets as at 31 December 2006 were GBP10.6 million.

AMEC Chief Executive Samir Brikho said: 'I am very pleased that we have found a strong purchaser who wants to further develop and invest in another of AMEC's non-core businesses.

'The successful disposal of these businesses is a key objective for 2007.

The process is going well and I look forward to providing the market with an update on the overall disposal process on 16 May 2007, when AMEC provides a trading update for its annual general meeting.'.

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