Restore PLC Acquisition of Baxter Confidential Limited (9660N)
August 15 2017 - 2:00AM
UK Regulatory
TIDMRST
RNS Number : 9660N
Restore PLC
15 August 2017
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 GBP0.8 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."
For further information please contact:
Restore plc
Charles Skinner, Chief
Executive 07966 234 075
Adam Councell, Group
Finance Director 07860 402 434
Cenkos Securities 020 7397 8900
Nicholas Wells
Elizabeth Bowman
FTI Consulting 020 3727 1340
Nick Hasell
Alex Le May
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQSFMFMLFWSESA
(END) Dow Jones Newswires
August 15, 2017 02:00 ET (06:00 GMT)
Restore (LSE:RST)
Historical Stock Chart
From Apr 2024 to May 2024
Restore (LSE:RST)
Historical Stock Chart
From May 2023 to May 2024