Business
Rentokil Initial Q4 2015 Acquisitions
Rentokil Initial Q4 2015 Acquisitions.
About this update from Rentokil Initial Plc
[{"type":"text","content":"\n \nRNS Number : 5142L Rentokil Initial PLC 12 January 2016 \n\n \n12 January 2016\nRentokil Initial announces further acquisitions to build city density\nExpectations for the full year ended 31 December 2015 remain unchanged\n \nRentokil Initial plc (FTSE: RTO, \"the Company\") announces today a series of acquisitions made in the fourth quarter of 2015 and first week of 2016 in its Growth and Emerging quadrants designed to build city density and drive margin expansion.\n \nGrowth Quadrant:\n \n· In North America the acquisition of Oliver Exterminating complements the Company's existing pest control activities in Arizona and Florida and also provides market entry into Puerto Rico and the Dominican Republic. The Company has also acquired Remus Pest Control in Los Angeles to build density into its local pest control operations. Combined annualised revenues for these companies were approximately £21m in the year prior to acquisition.\n· In Australia the Company has acquired Knockout Pest Control, a leading independent commercial and pest control business in Sydney, operating across the metro area and further south into Wollongong. The business generated annualised revenue of £1m in the year prior to acquisition.\n· In New Zealand the acquisition of Fumacare Hygiene Services complements the Company's existing operations, achieving density and back office synergies. The business offers a comprehensive range of hygiene services and generated annualised revenue of £5m in the year prior to acquisition. The Company's Pacific hygiene businesses have moved from the Protect & Enhance quadrant into the Growth quadrant from 1 January 2016.\n \nEmerging Quadrant:\n· In Malaysia the Company has acquired Abadi Hygiene Services which delivers high quality pest contro...