WPP Group PLC
21 July 2000
WPP GROUP PLC ('WPP')
WPP ACQUIRES WARWICKS UK LTD ('WARWICKS')
WPP announces that it has acquired Warwicks, a creative design
and publishing company specialising in sales literature and
promotion materials.
Warwicks, which was founded as a partnership in 1966 and
employs 26 people, will retain its distinctive brand identity
and management structure and will join WPP's Branding &
Identity, Healthcare and Specialist Communications division.
Clients include Jaguar, Unipart Group Ltd, G E Hydro, Princess
Yachts and Druck Holdings plc. Warwicks reported revenues of
£5.4 million for the year ended 31 March 2000 and net assets
of £866,860 at that date.
Commenting on the acquisition, John Lowe said, 'my co-director
Bob Jennings and I are delighted with this partnership. It
will provide Warwicks with a springboard to go on to even
greater success and cement our existing relationship with
members of the WPP group of companies.'
The acquisition of Warwicks continues to implement WPP's
objective of strengthening its capabilities in specialist
communications areas for national and multinational companies.
For more information, please contact:
Feona McEwan, WPP London 44 20 7408 2204
www.wpp.com
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