Fevara PLC
11 August 2026
11 August 2026
Fevara plc
("Fevara", the "Group" or the "Company")
Disposal of Chirton and Completion of Strategic Refocus
Fevara plc (LSE: FVA), an international specialist in livestock supplements, is pleased to announce the disposal of Chirton Engineering Ltd ("Chirton"), its sole remaining engineering business.
The Company has completed the sale of Chirton to Deca Group, a UK-based engineering Group, for a cash consideration of £0.65 million on completion with a further £0.2 million deferred over two years ("Disposal"). The Disposal was completed on a cash free and debt free basis.
Chirton was the sole remaining business within Fevara's former Engineering Division, the majority of which was disposed of in April 2025.
This Disposal marks the completion of the Group's strategic review to refocus and streamline the organisation. The Group is now entirely focused on delivering its long-term strategy as an international livestock specialist underpinned by its core strategic pillars, aiming to drive disciplined, sustainable growth and enhance returns for shareholders.
Joshua Hoopes, Chief Executive Officer of Fevara plc, commented:
"We are delighted to have achieved the final milestone in our strategic journey to simplify our operations and focus the business as a pure play international specialist in livestock supplements. We have a clear strategy for sustainable and profitable growth, and the Group is well positioned to continue to drive long-term value for all stakeholders."
- ENDS -
Enquiries:
|
Fevara plc Gavin Manson, Chief Financial Officer |
+44 (0) 1228 554 600 |
|
Canaccord Genuity Limited (Corporate Broker) Max Hartley / Harry Rees |
+44 (0) 20 7523 8000 |
|
Hudson Sandler (PR Adviser) Wendy Baker / Nick Moore / Henry Mathieu |
+44 (0)20 7796 4133 |
About Fevara plc:
Fevara is an international specialist in livestock supplements.
Fevara's purpose is to empower farmers in extensive grazing systems with research-proven products that boost profitability, improve resource efficiency and support sustainable agriculture. The Group develops, manufactures and markets research-proven supplements, including feed licks, blocks, bagged minerals, and boluses for cattle, sheep and horses, sold under recognised and trusted brands, including Crystalyx®, Horslic®, Horslyx®, Scotmin Nutrition®, SmartLic®, Tracesure® Advanced and Macal®.
Headquartered in Carlisle, Cumbria, in the UK, Fevara has manufacturing sites in the UK, US and Brazil with operational joint ventures in Germany and the US. It serves customers in more than 20 countries through its expansive international distribution and support network.
Fevara has been listed on the London Stock Exchange since 1972.
For more information, visit: www.fevara.com
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