Ibstock Building Products Ltd
1. Description of merger: Ibstock Building Products Ltd and assets of Redland plc
2. Date of original undertakings: 29 July 1996
3. Companies giving undertakings: Ibstock Building Products Ltd
4. Details of undertakings: Divestment undertakings
(i) Within 18 months:
(a) to dispose of all interests in the businesses carried on by Ibstock or its subsidiaries at the brick manufacturing plants at Stearpoint, Eldon, Todhills, Warnham and Wealdon.
(ii) Following such disposal not to hold or acquire any interest in the Business and to ensure that its subsidiaries do not hold or acquire any such interest.
(iii) Shall ensure that the Director General is given at least 14 days notice of the identity of the purchaser/s of the business and shall not affect or permit such a sale without the consent of the Director General.
(iv) Not to take any steps which might impede the disposal of the Business or its ability to operate as a going concern following the disposal and, in particular, to procure that, other than in the ordinary course of business, no assets, or interest in any assets, used in the Business are transferred.
5. Date of amendments: N/A
6. SIC code: 26.40 (Manufacture of bricks, tiles and construction products, in baked clay)
Back to: Undertakings in lieu of reference
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