Dutch-based Bam has sold on another part of its business as part of its Back in Shape programme, with the disposal of its production facility for precast concrete elements to Betonfabriek Vrijenban.
Bam said the transaction related only to the production facility itself, and did not include a transfer of projects or guarantees.
Bam said that in the course of 2015 as part of its Back in Shape programme, it had come to the conclusion that there were not enough opportunities to continue the activities of its concrete production facility. This then led to closure of the plant.
It said Betonfabriek Vrijenban was producer of high-tech precast concrete elements, retaining walls and concrete mortars, and already had production plants in the Netherlands, at Delft and Vianen.
In December 2015, Bam sold its Bam Techniek – Intergrated Works to the management, which it said was in line with its Back in Shape programme. In a trading update in November 2015, CEO Rob van Wingerden said that Bam had come a long way in the year since the start of its Back in Shape programme.