Devro Sells Land to Developer for Pounds-7.25m

The HeraldFebruary 22, 2005

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Summary


DEVRO, the sausage skinmaker based at Moodiesburn, Lanarkshire, has completed the sale of a large proportion of land around its headquarters to housebuilder Walker Homes.

The deal, announced last year, has seen Devro hand over 34.5 acres of disused land adjacent to its headquarters in exchange for a cash payment of pounds-7.25m. The money will be used in part to pay down Devro's debts, and to help the company's continued push into new markets.

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Devro Sells Land to Developer for Pounds-7.25m

Bruce Walker, group managing director of Walker Holdin...

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