Original article by Tim Binsted
The Australian Financial Review – Page: 15 : 30-Jun-15

GWA Group has advised that it will write down the value of the Gliderol garage doors business by around $A25m in its 2014-15 accounts. GWA has agreed to sell the business to Reliance Doors for about $A7m, after buying it for $A42m in 2010. Meanwhile, GWA now anticipates that its trading EBIT for the financial year will be within the range of $A67m to $A69m, compared with earlier guidance of about $A70m.

CORPORATES
GWA GROUP LIMITED – ASX GWA, GLIDEROL ROLLER DOORS PTY LTD, RELIANCE DOORS PTY LTD, DUX HOT WATER, BRIVIS, CAROMA INDUSTRIES LIMITED, GAINSBOROUGH, FOWLER, HUNTER GREEN PTY LTD