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McMurdo sells lights division
01 Jun 2006
The move to transfer the manufacture of lifejacket, liferaft and lifebuoy lights enables McMurdo to continue its strategic process of focusing on the company's core technologies, namely the design and manufacture of Cospas/Sarsat satellite location products.
Following the sale, the lights will continue to be manufactured in Portsmouth by the newly formed Daniamant Ltd.
"Our future growth potential lies with our core electronic beacon and safety products, " said McMurdo managing director Robert Hill. "The lights range, while market leaders, did not naturally integrate with our main marketing and distribution channels."
The business transfer will be completed by June 30.
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