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REG - Churchill China PLC - Purchase of certain assets from Dudson Holdings





 




RNS Number : 1781V
Churchill China PLC
04 April 2019
 

4 April 2019

 

CHURCHILL CHINA plc

("Churchill China" or the "Company" or the "Group")

 

Purchase of certain assets from Dudson Holdings Limited (in Administration)

 

Churchill China plc (AIM: CHH), the manufacturer of innovative performance ceramic products serving hospitality markets worldwide, has purchased certain intangible and tangible assets from Dudson Holdings Limited and Dudson Limited (both in Administration) ("Dudson") for a total consideration of £2.1 million, funded from the Group's existing cash resources.  The purchase does not include the Dudson group operating businesses.

£1.5 million of the consideration is for the Dudson brand and for intellectual property in respect of two of Dudson's product ranges, 'Harvest' and 'Evo'.  Dudson is a long established manufacturer of performance vitrified ceramic tableware based in Stoke on Trent and has operated in similar markets to Churchill. Certain plant and equipment has also been purchased for £0.6 million.

The assets purchased are complementary to our existing strategic plan and will allow Churchill to further extend its offering of differentiated added value products.

 

For further information, please contact:

 

Churchill China plc

Tel: 01782 577566

David O'Connor / David Taylor




Buchanan

Tel: 020 7466 5000

Mark Court / Sophie Wills / Hannah Ratcliff




N+1 Singer

Tel: 0207 496 3000

Richard Lindley / James White / Rachel Hayes

 


 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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