lincat today announces that it has completed the sale to aga rangemaster group plc (\u201daga\u201d) of the business and principal assets of mercury appliances limited, its domestic range cooker manufacturer.<\/p>\n
in the year to december 2008 mercury made a pre-tax loss of \u00a3130k on a turnover of \u00a31.8m. the \u00a3425,000 proceeds of disposal are expected to more than cover the costs of exit from this business.<\/p>\n
martin craddock, chairman: \u201cmercury has achieved much since it was launched by the group in 2000 but we recognise that it will enjoy better prospects and a more secure future as part of a larger organisation such as aga, which operates solely within the domestic appliance market. i would like to pay tribute to the staff of mercury and especially to jenny hyatt, mercury\u2019s managing director, who will be taking the business forward under aga\u2019s ownership.\u201d<\/p>\n
source: london stock exchange<\/p>\n","protected":false},"excerpt":{"rendered":"
lincat today announces that it has completed the sale to aga rangemaster group plc (\u201daga\u201d) of the business and principal assets of mercury appliances limited, its domestic range cooker manufacturer.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[7,6,5],"class_list":["post-18","post","type-post","status-publish","format-standard","hentry","category-industry_news","tag-cookers","tag-mercury","tag-rangemaster"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t