Acquisition of Baxter Confidential Limited

RNS Number : 9660N

Restore PLC

15 August 2017

 

15 August 2017

 Restore PLC

Acquisition of Baxter Confidential Limited

Restore plc ("Restore"), the UK office services provider, today announces the acquisition of Baxter Confidential Limited ("Baxter"), a secure shredding and archiving business based in Winchester, Hampshire.

For the 12 months ended 30 April 2017, Baxter's secure shredding and archiving activities generated revenues of £0.8 million. The acquisition was funded from Restore's existing bank facilities.

Charles Skinner, Chief Executive of Restore, commented:

"The addition of Baxter Confidential and its site in Winchester broadens Restore Datashred's customer base in Southern England and strengthens our branch network. It will also provide us with further economies of scale and extend our position as the UK's second largest provider of secure shredding services."

For further information please contact:
Restore plc
Charles Skinner, Chief Executive	07966 234 075
Adam Councell, Group Finance Director	07860 402 434
Cenkos Securities	020 7397 8900
Nicholas Wells
Elizabeth Bowman
FTI Consulting	020 3727 1340
Nick Hasell
Alex Le May

 

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