Boss of Jarvis鈥檚 roads division Andrew Martin will leave the company on completion of the deal

Jarvis has completed the sell-off of its Prismo Road Markings business to Texas-based Ennis Paint.

Andrew Martin, managing director of Jarvis鈥檚 roads division, will leave Jarvis following completion of the 拢9.5m deal.

Prismo made a loss of 拢3.9m for the financial year to 31 March 2006 and had gross assets of 拢21.3m on that date.

Prismo applies road markings and manufacturers specialised road surfaces. It comprises Prismo Contracting Services, Prismo Product Services and Prismo Traffic Products businesses.

Jarvis said it would use the proceeds of the sale to reduce net debt.