News: Optare completes sale of Rotherham site
Bus manufacturer Optare has completed the sale of their Rotherham site.
Leeds-based Optare was sold to Blackburn coachbuilder Darwen Holdings in a £16m deal in 2008. An in-depth restructuring programme led to the decision to close the firm's plant at Hellaby.
The Rotherham manufacturing facility closed in July 2009 and the Cumbernauld service centre closed in November 2009. A service centre at Hellaby remained in operation.
In the group's latest final results the chairman stated that "while it has been a protracted process in a difficult commercial property market, the sale of the balance of the former Rotherham site has also been completed on 28 June 2012."
The total site is around 3,500 sq m and comprises a modern manufacturing facility, including two storey offices and a showroom area, with additional mezzanine areas.
The sale of the first part of the site was completed for just under £1m in 2011.
Optare, which is now 75 per cent owned by Ashok Leyland, has completed the restructure and moved into a single factory at Sherburn in Elmet. For the 15 months to March 31 2012, sales were £72m with a pre-tax loss of £8.8m.
Optare website
Leeds-based Optare was sold to Blackburn coachbuilder Darwen Holdings in a £16m deal in 2008. An in-depth restructuring programme led to the decision to close the firm's plant at Hellaby.
The Rotherham manufacturing facility closed in July 2009 and the Cumbernauld service centre closed in November 2009. A service centre at Hellaby remained in operation.
In the group's latest final results the chairman stated that "while it has been a protracted process in a difficult commercial property market, the sale of the balance of the former Rotherham site has also been completed on 28 June 2012."
The total site is around 3,500 sq m and comprises a modern manufacturing facility, including two storey offices and a showroom area, with additional mezzanine areas.
The sale of the first part of the site was completed for just under £1m in 2011.
Optare, which is now 75 per cent owned by Ashok Leyland, has completed the restructure and moved into a single factory at Sherburn in Elmet. For the 15 months to March 31 2012, sales were £72m with a pre-tax loss of £8.8m.
Optare website
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