Acquisition

PZ CUSSONS PLC
29 January 2008





29 JANUARY 2008


                                 PZ CUSSONS PLC


              ACQUISITION OF THE SANCTUARY BRAND AND SPA FOR £75M


PZ Cussons Plc, a leading consumer products group in personal care and household
products, announces the acquisition of The Sanctuary Spa Holdings Limited
('Sanctuary Spa Holdings') for a consideration of £75m in cash (on a cash and
debt free basis).


Sanctuary Spa Holdings comprises two elements: a premium range of beauty and
body care products sold under The Sanctuary brand, representing some 70% of
revenue, and The Sanctuary Spa, the UK's largest day spa, based in London's
Covent Garden.


Over 90% of The Sanctuary personal care products are sold in the UK market where
the range has grown to become one of the leading beauty and body care brands in
this dynamic and fast growing segment. The range includes shower and bath
products, salt scrubs, body lotions, body oils and a small but growing skincare
line.


The exclusively female Sanctuary spa attracts some 64,000 visitors per year, and
plays an important part in the development of The Sanctuary range of products
both through the expertise of the spa personnel and customer feedback.


As at the year ended 31st August 2007, Sanctuary Spa Holdings had gross assets
of £26.9m, including £15.8m of goodwill. Revenue and earnings before
depreciation, amortisation, interest and tax for the year ended 31st August 2007
were £26.3m and £6.2m respectively. Profit before tax for the year ended 31st
August 2007 was £3.9m. The business is being acquired on a cash and debt free
basis.


Alex Kanellis, Group Chief Executive of PZ Cussons Plc, said:


'The Sanctuary business represents an excellent strategic opportunity for PZ
Cussons, giving us a greater presence in the premium segment of the UK's
personal care market through an established and well respected brand. It further
strengthens our UK position as leader in the Personal Wash category, and
bolsters our developed market presence thereby enhancing the balance of the
Group.

'We see considerable opportunities to create further value from The Sanctuary
business, through combining our new product and brand development expertise with
theirs, developing the brand's international sales, and exploring opportunities
to develop the spa concept further. There are also synergies to be derived,
particularly in the area of supply chain.


'Following this acquisition our balance sheet remains strong, giving flexibility
for further investment opportunities as they arise.'


PZ Cussons Plc's interim results for the half year to 30th November 2007 have
been published today - see separate announcement.


                                    - Ends -


Press Enquiries:


PZ Cussons                      Graham Calder (Deputy Chairman)
                                Brandon Leigh (Finance Director)

Hogarth Partnership             John Olsen, Sarah MacLeod, Sarah Richardson
020 7357 9477

On 29th and 30th January c/o Hogarth.

After 30th January to Graham Calder or Brandon Leigh on 0161 491 8000.


An analysts' presentation covering PZ Cusson's interim results and the
acquisition will be held on 29th January 2008 at 9.30am at the offices of JP
Morgan Cazenove, 20 Moorgate, London, EC2R 6DA.




                      This information is provided by RNS
            The company news service from the London Stock Exchange