Last checked at 8 Mar 2011 12:37
8th March 2011
Coral Products PLC
Appointment of Director and Strategic Review
The Board of Coral Products PLC ("Coral" or "the company") announces the appointment of Joe Grimmond as non executive director. Joe was previously the Chief Executive of James Dickie PLC and the Chairman of Widney PLC.
Joe will be assisting the company in examining its strategy, with a view to expanding into associated areas of the existing business in order to develop a more broadly based manufacturing group. An important element of this strategy will involve the search for suitable acquisitions as well as organic growth.
Joe Grimmond is a Director of Widney PLC and Theobald Holdings Limited. An Administrator was appointed to Widney PLC in March 2009.
Geoffrey Piper the Coral Chairman commented "The invitation to Joe Grimmond to join the Coral Board reflects our determination to broaden the company's base and accelerate our diversification into new product areas"
Enquiries
Coral Products PLC Tel 01942 272882
Warren Ferster, Chief Executive
(Joe Grimmond, Non Executive Director Tel 07703 518148 )
Note to Editor
Coral Products PLC is a manufacturer of strong, light injection moulded plastic products. It floated on the London Stock Exchange in 1995.