Management buy CRL from MJ Gleeson by Concrete Repair Association (CRA)

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MANAGEMENT BUY CRL FROM MJ GLEESON

Concrete Repair Association (CRA)

27/10/2006

In effect from the end of June 2006, the senior management team at Concrete Repairs Limited (CRL) has acquired the issued share capital for the specialist contracting business from M. J. Gleeson Group plc.

Concrete Repairs Ltd, commonly referred to as CRL, has been trading for more than 50 years and the management team is confident that the change in ownership will enable the business to build on its recognised strengths and enhance the services provided to clients throughout the UK.

Managing Director, Tony Rimoldi explained 'The business is in a strong trading position and remains committed to controlled and profitable growth in future years. I can confirm that all normal contractors insurance arrangements remain in place and the company will continue to operate within a robust safety, health, environmental and quality system'.

CRL staff will remain unchanged in each of the company's regional offices located in London, Bristol, Sheffield and Falkirk. CRL's programme of staff and operative training will be maintained, thereby guaranteeing the very highest levels of service and support to clients.

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