Acquisitions to follow radical shift

Article Abstract:

Harrisons and Crosfield will become a speciality chemicals concern. The company is selling Harcros, a construction materials chain, to be acquired by Meyer International, and aims to sell its agriculture and food division which could raise from 200 million pounds sterling to 250 million pounds. The company also plans to return around 359 million pounds to stockholders, mostly from selling Harcros and Moore's, also to be disposed of. Acquisitions can then be made with the proceeds of the food division sale.

CHEMICALS AND ALLIED PRODUCTS, Harrisons and Crosfield PLC

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Yule Catto

Article Abstract:

Yule Catto is a building materials and chemicals concern which has been affected by raw materials price rises. The company should benefit from an easing in raw materials costs. Yule Catto reported a rise in pre-tax profit of 23% to 15 million pounds sterling for 1st half 1995, while sales were up by 35%. The company has invested 10 million pounds sterling in plant in 1995, both in the UK in Malaysia and South Africa. The company's profit is forecast at 34.5 million pounds sterling for 1995 by James Capel.

Yule Catto and Company PLC

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BTP

Article Abstract:

BTP is a UK specialty chemicals concern which saw a rise in growth for 1994. Adhesives and anti-microbe biocides helped boost sales and the company's activities in mainland Europe and the US are performing well. Some of the rising cost of raw materials should be passed on through price increases. More acquisitions are likely following a rights issue in Mar 1995. Adhesives are likely to continue to perform well. The company's shares are seen as fairly priced in Jun 1995.

BTP PLC

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