Rentokil Initial PLC
8 August 2001
Rentokil Initial Purchases Four Bolt-on Acquisitions
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Rentokil Initial, the global business services company, announces that it has
spent £5m on the acquisition of four bolt-on businesses, with aggregate
turnover of £4.8m, within its specialised service activities of Hygiene, Pest
Control and Tropical Plants.
In Hygiene the purchase of Pigeaud strengthens its existing operations in The
Netherlands as well as extending its service capabilities in the 'clean-room'
garments market.
Within Pest Control, Entech provides its US business with a new city branch
location in Baltimore, Maryland, which will benefit from access to the
company's existing tropical plants customer base in that city. Also in Pest
Control the acquisition of GEA in Milan adds further critical mass to its
Italian business.
Finally, within the US Tropical Plants business, the acquisition of Indoor
Plantscaping in Greensboro strengthens its existing position in the 'Research
Triangle' of North Carolina covering Raleigh, Charlotte and Greensboro.
Commenting on these acquisitions, Sir Clive Thompson, Rentokil Initial Chief
Executive, said:-
'These acquisitions are consistent with our policy of selectively
acquiring high quality businesses to strengthen our existing
operations within our specialised service areas.'
8th August 2001
Enquiries:
Sir Clive Thompson Chief Executive 01342 833022
Roger Payne Finance Director
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