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Somero Enterprises Inc

  • BY: Andrew Hore |
  • POSTED: 23/02/2012 |

Toscafund has sold its 12% stake in Somero Enterprises Inc.

US-based Somero supplies laser concrete screening equipment that is used to ensure that the concrete floors of warehouses and other buildings are flat. Somero said trading in December was strong and trading for 2011 was slightly ahead of expectations.

ORA built up a 7.2% stake a year ago, while WH Ireland’s Paul Compton and Rupert Lowe own 5.94%.

At 12p a share, Somero is valued at £6.77m.

The 2011 figures will be published in early May.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFFebruary2012_29.pdf

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