Tristel PLC
09 August 2006
Tristel plc
Acquisition update
Tristel plc ('Tristel'), the healthcare business which uses its proprietary
chlorine dioxide chemistry for infection control in hospitals, in water
treatment and the food processing industry, reports that the integration of
Tristel Technologies Limited ('TTL') (previously Vernagene Limited) is making
good progress and that the performance of the business is in line with
management expectations.
TTL, the chlorine dioxide specialist focusing on water treatment and
contamination control in food processing, was acquired on 5th June 2006 at a
cost of £1,000,000, funded by cash of £800,000 and a £200,000 loan provided by
one of Tristel's shareholders.
Progress made with the TTL business and in Tristel's core activities in the
hospital marketplace will enable Tristel to repay early the £200,000 loan from
internally generated cash flow. It is expected that the loan will be repaid
during August 2006.
TTL will make a positive contribution to Tristel's results for the year ended
30th June 2006 which are expected to be announced in October.
For further information, please contact:
Tristel plc Parkgreen Communications Ltd
Paul Swinney, Chief Executive Paul McManus
Paul Barnes, Finance Director Tel 020 7493 3716
Tel: 01638 721 500 Mob: 07980 541 893
http://www.tristel.com paul.mcmanus@parkgreenmedia.com
This information is provided by RNS
The company news service from the London Stock Exchange
Acquisition update
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