Itís a done deal!

Thursday, 3 November 2016

Itís a done deal! thumbnailThe JTI factory at Galgorm which has been acquired by Wrights Group. GB4481R p1

THE JTI factory at Galgorm has been acquired by Wrights Group in a multi-million deal which will facilitate the company's growth and development plans, it was confirmed yesterday (Monday).
The announcement confirms the deal first revealed in the Guardian on September 8.
In a statement the company confirmed they have exchanged contracts for the purchase of the 100 acre Lisnafillan site, which is close to the current headquarters of Wrightbus at Galgorm.
It is set to become available in mid 2017 as JTI restructures its manufacturing operations in Europe.
The transaction, details of which will remain undisclosed, will be completed early next year.
Commenting on the announcement, Wrights Group chairman and CEO Mark Nodder, said: "Our current operations in Galgorm have become somewhat 'landlocked' in recent years, as substantial growth across the various parts of our business has progressively taken up all the land that we have owned.
“The imminent closure of the JTI facility has presented us with an opportunity to secure a substantial site, which will give us the additional space and operational flexibility we require to ensure that our future growth and development plans are not hampered by real estate constraints."
Steven Francey, Wrights Group MD, explained: "It is too early to outline specific plans for the Lisnafillan facility.
*Read the full story in this week's Ballymena Guardian.


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