Icon buys Silvertown: begins search for new site.(News)

From: European Rubber Journal | Date: January 1, 2005| Author: White, Liz | Copyright information

Byline: Liz White

Icon Polymer Group has moved a step closer to its aim of becoming a [pounds sterling]50-million ([euro]90-million) turnover business with its 1 Jan purchase of the Silvertown UK Ltd business for [pounds sterling]10 million.

Icon borrowed the cash to buy Silvertown from its original backers, Lloyds TSB and Lloyds venture capital arm, said Richard Gogerty, Icon's chief executive officer and major shareholder, in a 9 Jan telephone interview. <...

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