UK: SPECULATION OVER SALE OF TOMKINS' BREAD UNIT

Article Abstract:

There is growing speculation over the future of Tomkins' Rank Hovis McDougall bread division, which is responsible for well-known products such as Mr Kipling cakes and Hovis loaves. The disposal would allow the conglomerate to concentrate on its gun manufacturer, Smith & Wesson. Although the bread unit would be a good investment for private equity group Hicks Muse Tate & Furst, which owns rival producer Hillsdown, many analysts predict that the company may float on the stock market.

Bread, Cake & Related Products, Commercial Bakeries, Baked goods, Baked products industry, Baked goods industry

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Budgens buys hoome shopping firm

Article Abstract:

Budgens , has announced that it has purchased home shopping company Teleshop Services. The deal is worth GB 463,000 initially with a final payment worth one-third of pre-tax profit for the full year to April 2001 payable to the management team. At present Teleshop, provides a home shopping service for more than 4,000 elderly and disabled people via Social Services. It will now trade as Budgens Direct and provide home-delivery for the store. *

Comment:

Purchases home shopping company Teleshop Services under deal worth GBP463,000 in initial payment

Cable Networks, Home Shopping via CATV, Cable television, Home shopping, Budgens Ltd., Article, Teleshop Services

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US: HART & COOLEY ASSETS ACQUIRED BY TOMKINS

Article Abstract:

UK manufacturing group Tomkins has paid US$ 320mn for the assets of the US air distribution products manufacturer Hart & Cooley. Tomkins' newly-acquired operations comprise nine manufacturing facilities in the US and one in Canada, employing 2,700 workers. The move is part of Tomkins' strategy of overseas expansion, and it creates an air distribution business whose annual sales total over US$ 684mn.

United States, Heating Equip ex Electric, Heating Equipment (except Warm Air Furnaces) Manufacturing, Plumbing & Heating Equip, Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing, Construction industry, Heating equipment, Financial services industry, Financial services, Building materials industry, Building materials, Heating, ventilation, and air conditioning industry, HVAC industry, Hart and Cooley Inc.

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