Rentokil Initial PLC
10 May 2001
RENTOKIL INITIAL SPENDS £4.3M ON FIVE ACQUISITIONS
Rentokil Initial, the global business services company,
announces that it has spent £4.3m on the acquisition of
five businesses (with aggregate turnover of £9m) within
its specialised service activities of security and
tropical plants.
In security, the purchase of Guardrite adds further
critical mass to its UK guarding operations whilst
Integral, in the UK, and Alnor, in France, provide 'bolt-
on' additions to its existing electronic security
businesses.
The purchase of Hydromaster provides an entry into the
German tropical plant market, whilst Plantopia adds 'bolt-
on' benefits to the company's existing South African
tropical plant activities.
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 within our
specialised service areas, either to add additional
critical mass to our existing activities or, in the case
of Hydromaster, to roll out existing specialised services
into additional countries to, in turn, provide a platform
for further bolt-on acquisitional and organic growth in
that country.'
Enquiries:
Sir Clive Thompson, Chief Executive
Roger Payne, Finance Director
01342 833022
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