Rentokil Initial PLC
18 December 2006
18 December 2006
RENTOKIL INITIAL CREATES PEST CONTROL LEADERSHIP
POSITION IN AUSTRALIA
Rentokil Initial plc (RTO), one of the world's leading providers of business
support services, today announces that it has reached agreement with Campbell
Brothers Limited (ASX: CPB) to acquire its pest control business in Australia
for a total consideration of A$48 million (£19.2m*) in cash.
For the year to 31 March 2006, Campbell Brothers' pest control business had
annual revenues of A$32.5 million (£13m*). The deal is expected to complete in
early 2007.
The pest control services of Campbell Brothers are available nationwide across
Australia.
David Liu, Regional Managing Director - Asia Pacific of Rentokil Initial, said:
'We're delighted to announce our latest acquisition in the Australian market
following the purchase of the Pink branded washrooms business earlier this year.
Our strategic aim is to combine leadership positions in our established
markets with the entry into new markets such as China and Vietnam which have
massive potential for the future.'
* Conversion rate based on A$2.5 to £1.
- Ends -
Notes to Editors
Rentokil Initial
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.
For further information, please contact:
Malcolm Padley, Corporate Communications - 020 7866 3027/ 07788 978 199
Brunswick Group
Kate Holgate - 020 7404 5959/07974 982402
Jon Rhodes - 020 7404 5959/07834 502361
This information is provided by RNS
The company news service from the London Stock Exchange
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