Vulcan Industries Sells Fire Door Maker Orca Doors.

MANews-(C)2009-2022

UK-based engineering, manufacturing and industrial company investor Vulcan Industries plc (AQSE: VULC) has disposed of the entire share capital of Orca Doors Ltd, the company said.

Orca specialises in the design, manufacture, and installation of custom-built fire doors in the health, education and public infrastructure sectors.

The sector suffered significantly, with complete shut down during the initial COVID lock down.

Further lockdowns compounded the delays in rebuilding the order pipeline. Following a review of the budget for the year ending 31 March 2023 the board have concluded that additional investment to increase capacity is required to enable the business to move into profitability.

The demand outlook, whilst improving, remains uncertain, with the risk that the additional volumes required to justify the investment might...

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