Blue Power group to create spin-off company

Blue Power Group is to create a spin-off  company in its Lumber Division - it will be called Lumber Depot.
The company says its soap manufacturing and retail hardware divisions have operated as two businesses. 
But while the Blue Power brand is well known and attached to the soap manufacturing business, investors are not often aware of  the retail hardware business carried on by Blue Power under the Lumber Depot brand. 
As a result, Blue Power will split the retail hardware business under the Lumber Depot brand and list the shares on the Junior Market.

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