Struggling materials business sells off subsidiary
Versarien has sold its specialist plastics manufacturing business, AAC Cyroma, as it continues to focus on its core graphene technology.
The Cheltenham-headquartered advanced materials engineering group has sold its subsidiary to Harper Bennett for £550,000, which will be paid in quarterly instalments over a four-year period.
Versarien will retain a charge over the assets of both AAC Cyroma and Harper Bennett to cover any outstanding payments.
The most recent filed accounts for AAC Cyroma, for the year to September 2023, sho... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
