Focusing on growth markets worldwide

Carr’s Group operates in fairly defensive markets and has further reduced risk through diversification in each market served, supported by a sequence of acquisitions. The sale of the Food division and the acquisition of the small engineering business, STABER, focuses the group on those activities where there is global reach, less competition, defensible IP and substantially greater opportunities for growth. Our sum-of-the-parts valuation of 161p/share remains unchanged.