Glynwed offloads

Glynwed International has sold its foundry products sub-division to Foundry Products, a subsidiary of the French Saint-Gobain group, for £37m. Three businesses are involved: Glynwed Foundries of Telford; Glynwed Brickhouse of Risca, South Wales, West Bromwich, and Fareham; and a distribution chain in West Bromwich. Together they employ 980 people with turnover of £65,9m, and […]

Glynwed International has sold its foundry products sub-division to Foundry Products, a subsidiary of the French Saint-Gobain group, for £37m. Three businesses are involved: Glynwed Foundries of Telford; Glynwed Brickhouse of Risca, South Wales, West Bromwich, and Fareham; and a distribution chain in West Bromwich. Together they employ 980 people with turnover of £65,9m, and pre-tax profit of £4.8m.