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8
Everbuild buys Purimachos
UK based Everbuild Building Products Ltd has in the UK, and was founded in 1882 by John Charles
acquired Purimachos Ltd, a UK manufacturer of Morgan. He first experimented and refined the
heat resistant fire cements and related products. formula for manufacturing Fire Cement – leading to
Everbuild has purchased the assets, plant and a marketable product bearing the name Purichamos,
machinery, stock, brand names and goodwill from itself derived from the Greek and meaning
the Receiver following Purimachos’ receivership at “resistant to fire”. Purimachos’ manufacturing has
the start of June. been moved from Bristol to the Everbuild plant in
The company is one of the oldest established Leeds, where all Purimachos products will be
manufacturers of Fire Cement and Quick Set Cement manufactured in-house.
Trifast preliminary results
Pre-tax profit of £8.81 million (11.14 million euros), which held to the same level as 2007, and a
seven-year-high operating margin of 8.2% were highlighted in Trifast PLC preliminary results for the
year to 31 March 2008.
Net debt was reduced by £4.5million to £8.2 million (10.37 million euros), giving a gearing of 15.5%.
Cash flow from operations was described as strong at £11.4million and the company announced full year
dividend increased by 15%.
Sales declined by 7% to £122.4 million attributed to closure of customer sites in Europe and ‘exiting’
from customers that did not meet Trifast’s profitability criteria. Gross profit margin improved to 27.6%.
Group CEO Steve Auld commented, ““Thanks to the management initiatives we have adopted, we are
now enjoying better operating returns as the quality of our business has improved, despite the challenges
presented by the marketplace.”
Kem Edwards expands
Kem Edwards, suppliers of M&E and site supplies, has opened branches in Bristol and Manchester as
part of a £2million investment programme that will also see the establishment of a new dedicated
service supports Prefabrication Facility.
This expansion signals the fastest period of growth for the company since its launch nearly forty years ago
and it will retain its Sunbury-on-Thames, London, headquarters. New staff, including regional account
managers, have been recruited to help handle increased business levels.
Richard Edwards, managing director of Kem Edwards, explains the customer benefits created by the
expansion; “While we have always provided a national
service, having regional branches for our customers and
their projects will help them get more from our
innovative products and solutions.”
Kem Edwards has built a reputation for innovation and
service for all sizes of construction projects and it hopes
that these moves will allow it to compete more strongly
for the growing number of major regional projects,
particular in the South West and North West of England
and in Wales.
The dedicated Pre-fabrication facility will allow
increased levels of off-site work for customers, helping
save time and skills required on-site and also reducing
waste. The service was launched last year from
Sunbury-on-Thames and has outgrown its current site.
By working to a customer’s schedule, Kem Edwards can
quickly supply a fully palletised delivery of pre-fabricated
support assemblies.
“By providing pre-fabrication in a controlled
environment we are helping improve accuracy and this
ensures ease-of-use on-site and helps control costs by
saving time and skills required. We are seeing a massive
increase in the demand for this service,” added Richard
Edwards.
Richard Edwards outside the new Manchester branch
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