Qualceram Shires sells off site for £4m

Irish bathroom manufacturer Qualceram Shires announced today the sale of its former production site in Hanley, Stoke-on-Trent for £4m (€5.84m) in cash. The site has a book value of £1.3m (€1.9m).

The closure of the site is expected to result in significant cost savings to Qualceram Shires and the proceeds of the sale will be used to reduce the group's debt.