SNCL Sinclair Will.

 

TIDMSNCL 
 
RNS Number : 3006X 
Sinclair (William) Holdings PLC 
03 December 2010 
 

3 December 2010 
                         William Sinclair Holdings PLC 
                      ("William Sinclair" or "the Company") 
 
                                  Acquisition 
 
William Sinclair, one of the UK's leading suppliers of growing media, is pleased 
to announce the acquisition of the assets and trade of Monro Horticulture 
Limited's premium decorative aggregates business. 
 
The Directors of the Company believe that the acquisition will be modestly 
earnings enhancing during the year to 30 September 2011 and will provide growth 
potential for the future, benefiting from Sinclair's strong financial position 
and its wider reach in the horticulture market. 
 
This acquisition complements the Company's recent acquisition of Growing Success 
Organics, the market leader in specialist, environmentally friendly, garden care 
products from Monro Horticulture Limited on 22 November 2010.  The Company 
expects Growing Success Organics will generate sales of approximately GBP3 
million in the year ended 30 September 2011. 
 
Bernard Burns, Chief Executive, William Sinclair Holdings PLC, commented: 
 
"This acquisition re-affirms our commitment to supply premium products via our 
own extensive retail sales network to our customers - an essential part of 
providing the highest levels of customer service in the industry. 
 
"William Sinclair is growing fast and we are intent on becoming the leading 
company in the horticulture sector. We will continue to consider further 
acquisition targets." 
 
For further information: 
 
www.william-sinclair.co.uk 
 
William Sinclair Holdings Plc      Tel: 01522 537561 
Bernard Burns, Chief Executive 
Peter Williams, Finance Director 
 
Arbuthnot Securities                   Tel: 020 7012 2000 
Andrew Kitchingman 
Ben Wells 
 
Notes: 
·   William Sinclair's brands include J Arthur Bowers and the award winning New 
Horizon. New Horizon has won nine Which? Best Buy awards. 
 
·   William Sinclair recently launched its peat free alternative under the trade 
name SuperFyba.  With similar characteristics to peat, SuperFyba looks and 
behaves like peat, but is made from a renewable by-product from the production 
of green compost. 
 
·   Sinclair's significant investment in new technologies has secured an end use 
for this by-product, avoiding the need for it to go to landfill. 
 
·   Approved by Nottingham University, SuperFyba is already being used by a 
number of customers and many professional growers are taking deliveries for 
their own in house trials. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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