RNS Number:0543O
Metalrax Group PLC
3 December 2001

Metalrax Group PLC today announces that it has acquired the
entire issued share capital of Buncher and Haseler Limited ("B
& H") and its non-trading parent Valolong Limited from Roger
Brain and Shirley Dodd (the "Vendors").

B & H, based in Birmingham, is a manufacturer and distributor
of commercial catering and related retail products,
principally cookware, bakeware, utensils and bar accessories
sold under the brand names of Longlife, Caterlife, Camplife.

The consideration for the purchase is #0.55 million in cash on
completion with the balance in loan notes repayable over a
period of three years subject to a maximum total consideration
of #1.8 million.

In the year ended 30th June, 2001, B & H made an operating
profit before Vendors' remuneration of #0.27 million on sales
of #3.76 million.  The net book value of the assets the
subject of the acquisition is estimated to be approximately
#1.3 million.

As part of the transaction the Vendors of B & H have entered
into new service contracts.

The UK market for light commercial catering equipment, which
is primarily sold through distributors, is partly served
already by the Group through its subsidiary Samuel Groves and
Company Limited.  The acquisition of B & H will significantly
expand and enhance the product ranges of Group commercial
catering and housewares operations. 

                             
Further information:  Mr Eric Moore, chairman - Tel: 0121 433 3444

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