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Rentokil Initial PLC  -  RTO   

Completion of Acquisitions

Released 07:00 10-Dec-2012

RNS Number : 0894T
Rentokil Initial PLC
10 December 2012
 



 

 

 

 

10 December 2012

 

Completion of Acquisitions:

Western Exterminator Company and Eden Advanced Pest Technologies

 

Following the announcement of 25 September 2012, Rentokil Initial plc (LSE: RTO) today announces that it has completed the acquisition of Western Exterminator Company for a revised initial cash consideration of $92.6m with a deferred consideration of up to $6m payable within 18 months from existing financial facilities. Western is a leading pest control company in California with annualised revenues of $149m.

 

Rentokil Initial also announces today that it has completed the acquisition of Eden Advanced Pest Technologies, a full service pest control company servicing commercial and residential customers within the West Coast states of Washington and Oregon. The company was founded in 1989 and has annualised revenues of $7m. 

 

The acquisitions position Rentokil as the third largest pest control company in the USA with coast to coast coverage.

 

Ends

 

 

About Rentokil Initial plc

 

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. It employs some 66,000 colleagues providing a range of services in over 60 countries.

 

www.rentokil-initial.com

 

 

 

Enquiries:

 

Investors / Analysts enquiries:

Katharine Rycroft, Head of Investor Relations                             Rentokil Initial plc              01293 858 166

 

Media enquiries:

Malcolm Padley, Corporate Communications                                Rentokil Initial plc              07788 978 199

Kate Holgate / Catriona McDermott / Oliver Hughes                     Brunswick Group            020 7404 5959

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Completion of Acquisitions - RNS