15 August 2017
Restore PLC
Acquisition of Baxter Confidential Limited
Restore plc ("Restore"), the UK office services provider, today announces the acquisition of Baxter Confidential Limited ("Baxter"), a secure shredding and archiving business based in Winchester, Hampshire.
For the 12 months ended 30 April 2017, Baxter's secure shredding and archiving activities generated revenues of £0.8 million. The acquisition was funded from Restore's existing bank facilities.
Charles Skinner, Chief Executive of Restore, commented:
"The addition of Baxter Confidential and its site in Winchester broadens Restore Datashred's customer base in Southern England and strengthens our branch network. It will also provide us with further economies of scale and extend our position as the UK's second largest provider of secure shredding services."
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For further information please contact: |
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Restore plc |
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Charles Skinner, Chief Executive |
07966 234 075 |
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Adam Councell, Group Finance Director |
07860 402 434 |
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Cenkos Securities |
020 7397 8900 |
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Nicholas Wells |
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Elizabeth Bowman |
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FTI Consulting |
020 3727 1340 |
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Nick Hasell |
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Alex Le May |
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This information is provided by RNS