Cosalt sells off legacy Holiday Homes division
Monday, October 27, 2008
Cosalt has sold the last of its legacy businesses as part of a move to focus solely on becoming a big player in providing personal safety and protection services and equipment for the marine safety and offshore oil and gas industries.
The company sold its Holiday Homes division for £0.3 million to acquirers backed by investment firm, Endless. The division, which is based in Kingston-upon-Hull, comprises the caravan and Custom Homes lodge manufacturing businesses. The division has two factory premises which are also included in the transaction.
In its interim results for the six months to 27 April 2008, Cosalt said its Holiday Homes division recorded sales of £22.7 million and an operating loss of £0.5 million.
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