News blog


  • BY: Andrew Hore |
  • POSTED: 06/09/2007 |

Elektron has sold Richard Lloyd, which makes cutting tools under the Galtona brand. 

The electrical and electromechanical products manufacturer acquired Richard Lloyd when it took over Howle Holdings. It has been sold for a nominal sum and there is still £450,000 of intercompany debt which will be paid off by Richard Lloyd at £5,000 a month - £260,000 is secured on the company’s assets. Richard Lloyd, which is breaking even, represents the final disposal of non-core businesses bought with Howle. Elektron has already sold NPE-Innotek and an associated freehold property. 

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds