30th Jun 2006 07:03
Rentokil Initial PLC30 June 2006 30 June 2006 RENTOKIL INITIAL ACQUIRES AUSTRALIAN WASHROOM SERVICES BUSINESS Rentokil Initial plc announces that it has acquired Pink Healthcare ("Pink")from SGS Australia Pty Ltd ("SGS"), a subsidiary of SGS Societe Generale deSurveillance SA. Pink is one of the leading washroom hygiene service brands in Australia andprovides national coverage, with revenues of A$22.5 million for the year ended31 December 2005. Textiles and washroom services activities contribute some 30% of RentokilInitial's total revenues and are the largest segment in Rentokil Initial'sglobal business portfolio. The acquisition of Pink will significantly increasethe scale of operations of Rentokil Initial in Australia. Doug Flynn, Chief Executive of Rentokil Initial, said: "We are delighted to announce the acquisition of Pink which has an excellentmanagement team and a strong brand in the Australian washroom hygiene servicessector. This acquisition is in line with our global washroom strategy andstrengthens our presence in this attractive and growing sector." -- Ends -- Shareholder/analyst enquiriesLisa WilliamsRentokil Initial plc, Tel. +44 (0) 20 7866 3000 Media enquiriesMalcolm PadleyRentokil Initial plc, Tel. +44 (0) 20 7866 3027 Kate Holgate, Tom WilliamsBrunswick Group LLP, Tel. +44 (0) 7404 5959 Notes to Editors 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 andAfrica. The company has some 70,000 employees providing a range of supportservices in over 40 countries where the 'Rentokil' and 'Initial' brands havecome to represent innovation, deep expertise and consistent quality of service.Services include textiles and washroom services, pest control, tropical plants,electronic security, parcels delivery and facilities services. Pink was acquired by SGS in 1990 and has since developed into a nationalwashroom service provider. Headquartered in Sydney, the business has eightbranches across Australia including the mainland state capital cities, Canberra,Newcastle and North Queensland. Pink provides the entire range of washroomhygiene services including sanitary disposal, nappy disposal, air fresheners,soap dispensers, sanitisers and sharps and medical waste disposal. ANZ Investment Bank is the financial adviser to Rentokil Initial on thistransaction. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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