WPP Group PLC
10 June 2002
FOR IMMEDIATE RELEASE 10 June 2002
WPP GROUP PLC ("WPP")
Hill and Knowlton acquires US firm, SAMCOR Communications Company
WPP announces that its wholly-owned operating company, Hill and Knowlton ("H&K
"), has acquired the business and assets of SAMCOR Communications Company, a
Miami-based public relations agency.
Founded in 1996, Samcor has become a significant presence in the communications
business, with clients including Sunbeam Corp, Mr Coffee, UDV, Wyndham Hotels &
Resorts, Spherion Corporation, among others. The company will operate as Hill
and Knowlton/SAMCOR, under the continued leadership of president and founder
Cori Zywotow Rice.
Commenting on the acquisition, Howard Paster, chairman and CEO of H&K said, "
Miami is a market that has become an intercontinental cultural bridge and a
major business hub for this hemisphere. Administratively, Hill and Knowlton/
SAMCOR will be part of our fast-growing Latin American network while working
very closely with our US offices on the ever-expanding Latino/Hispanic market in
this country."
SAMCOR had revenues of $2.4 million in 2001 and net assets of $400,000 at 31
December 2001.
The acquisition of SAMCOR continues WPP's strategy of reinforcing its networks
in important growth sectors and markets and further strengthens H&K's important
Latin American network of offices representing the major business centres in the
region.
ENDS
For further information, please contact:
Feona McEwan, WPP, London + 44 20 7408 2204
Kevin McCormack, WPP, New York + 212 632 2239
www.wpp.com
www.hillandknowlton.com
This information is provided by RNS
The company news service from the London Stock Exchange
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