Wrightbus formally exchange contracts to buy JTI site

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Monday, 31 October 2016 12:54

Ballymena-based Wrights Group have today confirmed that they have exchanged contracts for the purchase of a major manufacturing facility in nearby Lisnafillan.

The 100 acre site – currently owned by JTI Gallaher- is set to become available in mid 2017 as JTI restructures its manufacturing operations in Europe. The transaction, details of which will remain undisclosed, is set to be completed early next year.

Commenting on the announcement, Wrights Group Chairman and CEO Mark Nodder OBE, 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.”