Intnl Tool & Supply - Disposal
October 02 1997 - 8:26AM
UK Regulatory
RNS No 6807j
INTERNATIONAL TOOL & SUPPLY PLC
2nd October 1997
International Tool & Supply plc
("ITS" or "the Company")
International Tool & Supply plc today announces it has disposed
of the Environmental Services Division for a cash consideration
of $1,340,000. At 31 March 1997 the Environmental Services
Division had net assets of $1,175,000 and in the year ended 31
March 1997 made and operating loss of $642,000. The cash
proceeds will be used to enhance the working capital of the
business
END
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