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Amec announces the disposal of its precast concrete business

Industry giant Amec today announced it has completed the sale of Buchan Concrete Solutions to Roger Bullivant for an undisclosed amount.
Based in Byley, Cheshire, Buchan Concrete Solutions employs about 170 people and generated revenues of £29M in the year ended 31 December 2006.Net assets as at 31 December 2006 were £10.6M.AMEC chief executive Samir Brikho said: 'I am very pleased that we have found a strong purchaser who wants to further develop and invest in another of AMEC's non-core businesses.'The successful disposal of these businesses is a key objective for 2007. The process is going well and I look forward to providing the market with an update on the overall disposal process on 16 May 2007, when AMEC provides a trading update for its annual general meeting.'

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