Monday, September 27, 2021

Forterra competes sale of Swadlincote site for £14m

Forterra, the Northamptonshire-based producer of manufactured masonry products, has completed the sale of its Swadlincote site for £14.2m.

The site contained two separate manufacturing facilities; a hollowcore precast concrete flooring factory which was mothballed in 2020 and a bespoke precast concrete facility, the closure of which was announced in July 2021.

Forterra will continue to lease part of the site for a nominal amount until the end of the year as remaining operations are wound up and manufacture of its bespoke precast products is consolidated at its Somercotes facility.

A condition of the sale is that the Swadlincote site will not be used for the manufacture of building products.

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