RCS - Billington Holdings - Formation of Specialist Painting Subsidiary

Billington HoldingsAnnouncement

11/03/2022 07:00

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RNS Number : 4254E  Billington Holdings PLC  11 March 2022

Billington Holdings Plc

("Billington", the "Group" or the "Company")

Formation of Specialist Painting Subsidiary

Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel
and construction safety solutions specialists, is pleased to announce the
formation of a new subsidiary, Specialist Protective Coatings Ltd ("Specialist
Protective Coatings"), focussed on surface preparation and the application of
protective coatings for products across a variety of sectors including rail,
highways, defence, petrochemical, energy, structural steel and infrastructure.

 

Specialist Protective Coatings, which will offer a wide range of paint
treatments including anti-corrosion and fire protection systems, has been
formed following the Company's acquisition of the trading assets of Orrmac
Coatings Ltd ("Orrmac Coatings"), a specialist painting company based in
Sheffield, UK, in January 2022, out of administration.

 

The Group has been seeking to expand its painting capabilities for some time
and the acquisition presented an excellent opportunity to strengthen the
Group's internal offering in this area as well as providing a specialist
service to the wider market.  Since Billington acquired the trading assets of
Orrmac Coatings, sited from the 55,000 square foot facility in Sheffield, it
has undergone a substantial refurbishment and investment programme to ensure
the facility is able to effectively service the most demanding of projects,
including shotblasting and lifting capabilities for steel assemblies that
are amongst the largest capacity in the UK.

 

Mark Smith, CEO of Billington, commented:

 

"We are pleased to announce the formation of Specialist Protective Coatings
following the acquisition of the trading assets of Orrmac Coatings.  It is an
exciting period for Billington and we believe the addition of Specialist
Protective Coatings will further strengthen the Group's market position
through increased capabilities and product offerings."

 

For further information please contact:

 

 Billington Holdings Plc                 Tel: 01226 340 666
 Mark Smith, Chief Executive
 Trevor Taylor, Chief Financial Officer

 WH Ireland Limited                      Tel: 020 7220 1666
 Chris Hardie
 Fraser Marshall

 IFC Advisory Limited                    Tel: 020 3934 6630
 Tim Metcalfe

 Graham Herring
 Zach Cohen

 

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