3rd Apr 2006 07:03
McBride PLC03 April 2006 3 April 2006 McBride plc ___________ UK HOUSEHOLD PRODUCTS ACQUISITION McBride plc, ("McBride") Europe's leading supplier of household and personalcare Private Label products, is pleased to announce that it has acquired thehousehold liquids business and assets of Sanmex International Limited ("Sanmex"), a UK based private label supplier, for a consideration of £6.5 million plusa further £1.0 million for inventory, payable in cash on completion. In Sanmex'slast financial year the turnover relating to the business and assets beingacquired was £10 million. The acquisition is anticipated to be neutral in the current financial yearending 30 June 2006, and is expected to be earnings enhancing thereafter *. Commenting on the acquisition, McBride's Chief Executive Miles Roberts said "I am delighted with the acquisition of Sanmex's liquids business which hascontinued to grow in the current financial year. It will provide improvedservice to our customers and enable us to further enhance our asset utilisationand competitiveness". For further information please contact McBride plcMiles Roberts, Chief Executive 01494 607050 Financial DynamicsAndrew Dowler / Charles Watenphul 02078313113 Note * Although this statement should not be interpreted to mean that the earningsper share of McBride will necessarily be greater than or equal to those of prioryears. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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