Last checked at 17 Aug 2009 07:00
17 August 2009
Michelmersh Brick Holdings plc
("Michelmersh", the "Company", or the "Group")
Establishment of Hathern Terracotta
Michelmersh Brick Holdings plc (AIM: MBH), the specialist brick, land development and landfill company, is pleased to announce the launch of a new terracotta and faience production business: Hathern Terracotta.
The new production will compliment Michelmersh's existing business and open new opportunities and markets for the Group. Terracotta is used in a variety of building projects with the primary need driven largely by the restoration market.
This business will be based at the Company's specialist hand made works at Charnwood where many complementary skills already exist. Charnwood Forest Brick, at the site, has long established itself with the other companies under the Michelmersh banner as a leading UK supplier of premium specification hand made bricks, a notable recent example being supplier of product for the award winning St Pancras Station.
Production and sale of Hathern Terracotta products has already begun, and is expected to make a positive contribution to the Group in its first full year of production in 2010.
Commenting, Eric Gadsden, Chairman, said 'We are delighted to have added hand made architectural terracotta and faience under the 'Hathern Terracotta' name to our portfolio. Through this extension of our range of high quality specification products, we will meet significant market demand enabling us to broaden our customer base.
For further information:
| Michelmersh Brick Holdings plc: Martin Warner, Chief Executive | 01442 870227 |
| Charles Stanley Securities, Nominated Adviser: Russell Cook | 020 7149 6000 |
| Tavistock Communications: Jeremy Carey/Gemma Bradley | 020 7920 3150 |