Rentokil Initial PLC
30 June 2006
30 June 2006
RENTOKIL INITIAL ACQUIRES AUSTRALIAN WASHROOM SERVICES BUSINESS
Rentokil Initial plc announces that it has acquired Pink Healthcare ('Pink')
from SGS Australia Pty Ltd ('SGS'), a subsidiary of SGS Societe Generale de
Surveillance SA.
Pink is one of the leading washroom hygiene service brands in Australia and
provides national coverage, with revenues of A$22.5 million for the year ended
31 December 2005.
Textiles and washroom services activities contribute some 30% of Rentokil
Initial's total revenues and are the largest segment in Rentokil Initial's
global business portfolio. The acquisition of Pink will significantly increase
the scale of operations of Rentokil Initial in Australia.
Doug Flynn, Chief Executive of Rentokil Initial, said:
'We are delighted to announce the acquisition of Pink which has an excellent
management team and a strong brand in the Australian washroom hygiene services
sector. This acquisition is in line with our global washroom strategy and
strengthens our presence in this attractive and growing sector.'
-- Ends --
Shareholder/analyst enquiries
Lisa Williams
Rentokil Initial plc, Tel. +44 (0) 20 7866 3000
Media enquiries
Malcolm Padley
Rentokil Initial plc, Tel. +44 (0) 20 7866 3027
Kate Holgate, Tom Williams
Brunswick Group LLP, Tel. +44 (0) 7404 5959
Notes to Editors
Rentokil Initial is one of the largest business services companies in the world,
operating in all the major economies of Europe, North America, Asia Pacific and
Africa. The company has some 70,000 employees providing a range of support
services in over 40 countries where the 'Rentokil' and 'Initial' brands have
come to represent innovation, deep expertise and consistent quality of service.
Services include textiles and washroom services, pest control, tropical plants,
electronic security, parcels delivery and facilities services.
Pink was acquired by SGS in 1990 and has since developed into a national
washroom service provider. Headquartered in Sydney, the business has eight
branches across Australia including the mainland state capital cities, Canberra,
Newcastle and North Queensland. Pink provides the entire range of washroom
hygiene services including sanitary disposal, nappy disposal, air fresheners,
soap dispensers, sanitisers and sharps and medical waste disposal.
ANZ Investment Bank is the financial adviser to Rentokil Initial on this
transaction.
This information is provided by RNS
The company news service from the London Stock Exchange
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