3 May 2012 12:50
Total Produce plc
Stock Exchange Announcement
Total Produce plc invests in Irish logistics business
Total Produce announces that it has become a 50% shareholder in a newly-formed company which has completed the acquisition of the trade and certain assets of Flancare (Clonmel) Distribution Limited from the provisional liquidator, Mr Declan McDonald of PwC.
The new company is operating from the substantial purpose-built premises previously occupied by Flancare using a modern fleet of vehicles and sophisticated computer and handling systems.
We expect that this transaction will secure employment for 200 people as well as ensuring the continued provision of high levels of service to customers.
3 May 2012
For further information, please contact:
Brian Bell, Wilson Hartnell PR
Tel: +353-1-669 0030
Ivan Murphy, Davy Corporate Finance
Tel: +353-1-679 6363