8th Nov 2007 07:01
Wincanton PLC08 November 2007 For immediate release 8 November 2007 Wincanton plc Acquisition Further investment in supply chain services to UK construction industry Wincanton plc ("Wincanton"), the leading European supply chain solutionsprovider, today announces the acquisition of Swales Haulage Ltd ("Swales"), aprivately owned business, for a debt-free consideration of £5.3m. Theacquisition further strengthens the Group's position in the UK building servicesmarket. Swales is one of the top five businesses within the building services market,operating from 11 locations across the UK. It has built up an excellentreputation in this market and has established successful long-term relationshipswith its customers. In the twelve months to 30th September 2007, Swales reported, on a pro-formabasis, turnover of approximately £6.4m, EBIT of approximately £0.6m, and EBITDAof approximately £0.9m. Graeme McFaull, Wincanton's Chief Executive commented: "Wincanton has a strong track record of growing both organically and throughacquisition. The acquisition of Swales will strengthen Wincanton's leading position in thissector and follows the successful integration of RDL into the business inOctober 2006." For further information please contact: Wincanton plcGraeme McFaull, Chief Executive 01249 710 000Gerard Connell, Group Finance Director Buchanan CommunicationsCharles Ryland / Jeremy Garcia 020 7466 5000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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