British Ceramic Tile has completed the acquisition of a West Yorkshire business, to create one of the largest tile companies in the UK – in an expansion deal that has put up to 100 employees' jobs at risk.
Newton Abbot-based BCT has acquired Ceramic Prints, one of the UK's biggest importers and distributors of tile, stone and glass decorative products, in an undisclosed-figure share acquisition deal.
A spokesman said that the continued weak performance of the UK and export building material sectors, would necessitate both companies, which have a combined workforce of 430, streamlining their operations.
A 30-day consultation is due to begin over redundancies which will total "under 100" across both sites.
BCT, which earlier this year invested 2 million in a new kiln to streamline processes at its 40 million facility, reduced its 380-strong workforce by 83 staff in July. It also moved from a seven-day operation to a three-shift process Monday to Friday.
CP supplies DIY multiples and independent tile retailers across the UK via a 150,000 sq ft distribution centre. It also manufactures value added decorative tiles and borders.
A spokesman said the deal would see CP's extensive sourcing and supply chain experience boost the strengths of BCT's state-of-the-art manufacturing operation.
The enlarged business will be continue to be dual-sited in Devon and West Yorkshire.
BCT CEO Matthew Gazzard said: "The two companies make for a powerful combination. We bring manufacturing scale and CP brings additional product, marketing and supply chain experience as well as much valued customers and suppliers.
"The newly enlarged company now places us in a very strong position from which we can better service customers both in the UK and abroad."
The move will see CP's founder and CEO, Tony Taylor, stay with the group as its commercial director.
2011年4月14日星期四
Fort Worth's Quicksilver moving ahead in Canada
Fort Worth-based Quicksilver Resources said today that it has begun a “midstream” natural gas pipeline system to transport gas from the company’s wells in the Horn River Basin in far northeast British Columbia in Canada.
The “first piece” of the system was the construction of a 20-mile, 20-inch gas gathering line that is awaiting tie-in to a Spectra pipeline system and is expected to be operational in May, the natural gas and oil producer said. Once the tie-in and new gas compression facilities are completed, Quicksilver expects that production will be unrestricted from four existing gas wells cumulatively “capable of producing more than 30 million cubic feet per day of natural gas.”
Quicksilver has drilled four additional Horn River wells and “we expect to begin completion activities on those wells during the next winter drilling season,” said Rick Buterbaugh, vice president for investor relations and corporate planning.
Quicksilver, which gets most of its natural gas production from North Texas’ Barnett Shale, views its Horn River lease holdings of 130,000 net acres as a prime source of future company revenues.
“The company estimates that our acreage position holds more than 10 tcf (trillion cubic feet) of potential resources,” and could “more than quadruple our existing reserves,” Buterbaugh said.
Quicksilver has executed an agreement under which TransCanada Pipelines will begin work on a 70-mile Horn River pipeline extension and Fortune Creek Meter Station to be located within Quicksilver’s acreage. The extension, to be completed in 2014, is expected to be a large 36-inch pipeline giving Quicksilver access to a major gas hub.
The “first piece” of the system was the construction of a 20-mile, 20-inch gas gathering line that is awaiting tie-in to a Spectra pipeline system and is expected to be operational in May, the natural gas and oil producer said. Once the tie-in and new gas compression facilities are completed, Quicksilver expects that production will be unrestricted from four existing gas wells cumulatively “capable of producing more than 30 million cubic feet per day of natural gas.”
Quicksilver has drilled four additional Horn River wells and “we expect to begin completion activities on those wells during the next winter drilling season,” said Rick Buterbaugh, vice president for investor relations and corporate planning.
Quicksilver, which gets most of its natural gas production from North Texas’ Barnett Shale, views its Horn River lease holdings of 130,000 net acres as a prime source of future company revenues.
“The company estimates that our acreage position holds more than 10 tcf (trillion cubic feet) of potential resources,” and could “more than quadruple our existing reserves,” Buterbaugh said.
Quicksilver has executed an agreement under which TransCanada Pipelines will begin work on a 70-mile Horn River pipeline extension and Fortune Creek Meter Station to be located within Quicksilver’s acreage. The extension, to be completed in 2014, is expected to be a large 36-inch pipeline giving Quicksilver access to a major gas hub.
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