McBride PLC
03 April 2006
3 April 2006
McBride plc
___________
UK HOUSEHOLD PRODUCTS ACQUISITION
McBride plc, ('McBride') Europe's leading supplier of household and personal
care Private Label products, is pleased to announce that it has acquired the
household liquids business and assets of Sanmex International Limited ('Sanmex
'), a UK based private label supplier, for a consideration of £6.5 million plus
a further £1.0 million for inventory, payable in cash on completion. In Sanmex's
last financial year the turnover relating to the business and assets being
acquired was £10 million.
The acquisition is anticipated to be neutral in the current financial year
ending 30 June 2006, and is expected to be earnings enhancing thereafter *.
Commenting on the acquisition, McBride's Chief Executive Miles Roberts said
'I am delighted with the acquisition of Sanmex's liquids business which has
continued to grow in the current financial year. It will provide improved
service to our customers and enable us to further enhance our asset utilisation
and competitiveness'.
For further information please contact
McBride plc
Miles Roberts, Chief Executive 01494 607050
Financial Dynamics
Andrew Dowler / Charles Watenphul 02078313113
Note
* Although this statement should not be interpreted to mean that the earnings
per share of McBride will necessarily be greater than or equal to those of prior
years.
This information is provided by RNS
The company news service from the London Stock Exchange
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Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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