Restore PLC - Redhill, England-based document management, commercial relocation and IT recycling business - Acquires The Bookyard Ltd, an Apple Inc recycling and spare parts business in Liverpool, England for an undisclosed amount. Notes The Bookyard also operates two e-commerce sites, www.mac2cash.com and www.click4mac.com, which respectively offer trade-in and recycle options for Apple products throughout the UK. Says the acquisition represents another milestone in Restore's strategy for growth via "organic expansion, strategic acquisition and margin improvement through synergies and efficiency gains".
"The Bookyard has been on our radar for some time and we are delighted that Nick Gillard and his whole team will be joining Restore Technology. We have achieved considerable growth in our Apple products line over the last few years but the significant brand awareness and expertise that The Bookyard will bring will deliver increasing momentum to Restore Technology in the all-important Apple recycling market," says Chief Executive Charles Bligh.
Current stock price: 337.60 pence
Year-to-date change: down 18%
By Zoe Wickens; zoewickens@alliancenews.com
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Restore (RST)