Forterra Regulatory News (FORT)

26 August 2021

Forterra plc

Disposal of Swadlincote site

Forterra plc today announces that it has completed the disposal of its Swadlincote site for consideration of £14.2m received in cash. The site contained two separate manufacturing facilities; a hollowcore precast concrete flooring factory which was mothballed in 2020 and a bespoke precast concrete facility, the closure of which was announced in July 2021. Forterra will continue to lease part of the site for a nominal amount until the end of the year as remaining operations are wound up and manufacture of our bespoke precast products is consolidated at our Somercotes facility. It is a condition of the sale that the Swadlincote site will not be used for the manufacture of building products.