Provexis sells Altú food business
Plans to focus on the core activity of functional foods.
06/10/05 UK, Provexis plc (“Provexis” or the “Company”) announces the sale of its Altú food business to Go Lower Limited for a cash consideration of £75,000 which will be used for working capital purposes.
The Board has been closely monitoring the performance of Altú. The brand has recently extended its distribution, via a new pack format, in two multiple grocers, and continues to enjoy national distribution in High Street and Major Multiple Grocers. However, following a strategic review, the Board has concluded that, in order to focus on the core activity of functional foods, a disposal of the Altú business is in the best interests of the Company and shareholders.
http://www.provexis.com/downloads/pdfs/ProvexisplcdisposeofAltu.pdf
