CHESHIRE, England (July 22)—SSL International P.L.C. has sold its headquarters in Cheshire and is discussing the possible sale of its Marigold glove operation as part of a major restructuring program launched in April. Other cost-cutting measures put in place at that time are on track and the company expects to complete a targeted reduction of 300 jobs from its European operations by the end of the year, SSL Chairman Ian Martin said. SSL completed the sale of its Toft Hall headquarters to a private contractor in early July, a company spokeswoman said. Neither the price nor the name of the purchaser were disclosed. The firm is relocating its base to a facility in central London. Martin said the deal and move should be completed by the end of September. Ongoing discussions with several potential buyers for the Marigold business are in the works, the spokeswoman said. SSL's Marigold gloves business is comprised of two product ranges, industrial and household.
SSL sells headquarters, may divest Marigold operation
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