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Marlowe Buys Forest Environmental From Administrators For GBP500,000

Fri, 18th May 2018 13:04

LONDON (Alliance News) - Marlowe PLC said Friday it has acquired the business and assets of Forest Environmental Ltd from its administrators for a GBP500,000 cash consideration.

In the year to June 2017, Forest Environmental, an asbestos remediation company, reported revenues of GBP13.1 million and pretax profit of GBP100,000.

Marlowe shares were trading up 1% at 410.00 pence.

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