TIDMACL
RNS Number : 6727M
Acal PLC
03 February 2009
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FOR RELEASE
7.00 AM
3 FEBRUARY 2009
ACAL plc
SEMICONDUCTOR CONTRACT TERMINATION
Acal has been notified by one of its semiconductor suppliers to the electronics
division that it is terminating Acal's distribution contract. Termination will
take effect from 30 April 2009.
This product line represents approximately 4% of group revenue and 3% of gross
margin.
As stated in our Interim Management Statement dated 23 January, we are carrying
out a review of Acal's business and strategy and will factor this contract loss
into the review.
For further information:-
+---------------------------------------------------------+---------------+
| Nicholas Jefferies Chief Executive | 01483 544500 |
| Malcolm Cooper Finance Director | 01483 544500 |
| Brian Coleman-Smith/James Verstringhe | 020 7367 5100 |
| Cubitt Consulting | |
+---------------------------------------------------------+---------------+
Notes to Editors:
Acal is a leading European value-added distributor providing specialist
design-in, sales and marketing services for international suppliers in the
fields of Electronic Components, Supply Chain Services and Medical and
Scientific products. Organised into three divisions, Acal has 15 principal
trading companies of which 8 are in Continental Europe and 7 in the UK.
Acal is now Europe's strongest multi-disciplined design-in electronics
distributor and has always differentiated its offering with a strong focus on
demand creation and a highly skilled technical sales force. Vertec Scientific,
which operates in both the UK and South Africa, represents leading manufacturers
in the field of bone densitometry, medical imaging and diagnostics. The Supply
Chain division provides spare parts to field services organisations and is a
supplier to virtually every leading company in that market.
This information is provided by RNS
The company news service from the London Stock Exchange
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