23 January 2017
Restore PLC
Acquisition of Reisswolf London
Restore plc ("Restore") today announces the acquisition of ID Secured Limited, trading as Reisswolf London, the Bedfordshire-based secure shredding business of Parry & Evans Limited.
Reisswolf London was founded in 2002. For the 12 months ending 31 May 2016, it generated revenues of £1.3 million. The acquisition was funded from Restore's existing bank facilities.
Charles Skinner, Chief Executive of Restore, commented:
"The addition of Reisswolf London, following our recent acquisition of Reisswolf Wales, will expand our customer base in the South East region, produce further economies of scale, and strengthen our position as the second largest provider of secure shredding services in the UK".
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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