Aug 2006 Financial News

Neal & Massy Holdings Limited Acquires Majority Shareholding in Pres-T-Con

Aug 21, 2006

In a press release in the Trinidad Guardian on Monday, August 21, 2006, the Chief Executive Officer of Neal & Massy (NML), Mr. Bernard Dulal-Whiteway, announced that NML has acquired 60 per cent of the issued shareholding of Pres-T-Con Holdings Limited.

According to the announcement, Pres-T-Con and its associated companies, Rabco Limited and Pres-T-Con Equipment Limited will be part of the Financial & Other Services Business Unit. The Chairman of this unit is David O’Brien. It was stated that the Companies existing management will remain in place with the support of the Neal & Massy Group.

Pres-T-Con has been a reputable leading manufacturer of pre-stressed concrete products in the Caribbean for the past 40 years. Mr. Dulal-Whiteway commented that the acquisition fits in strategically with the Group’s vision of being involved in businesses that operate profitably in growth oriented industries.

Source: The Trinidad Guardian
Monday, August 21, 2006.