CPS.L Regulatory News (CPS)

9 Jul 2007 14:19

CPL Resources PLC09 July 2007 CPL RESOURCES PLC Acquisition CPL Resources plc, Ireland's leading employment services group, today (8 July,2007) announced that they have acquired the assets of the Richmond RecruitmentGroup. The Richmond Recruitment Group was established in 1990 and now has offices inDublin, Limerick, Cork and Galway offering permanent and temporary recruitmentservices to a broad range of clients. Richmond management team led by GrahamBurns will continue to oversee the further growth and development of thebusiness. Anne Heraty, Chief Executive of CPL Resources plc said: "CPL believes that there is a significant opportunity to expand our presencethroughout Ireland. CPL has a very professional and robust infrastructure andwill apply our systems and processes to the Richmond Businesses. We will use ourestablished infrastructure to enable the local offices to offer a broad range ofservices to local employers. We believe that adding the Richmond business to theCPL network will have a strategic benefit for the Group. This acquisition is anideal fit with our overall strategy for growth and diversification. It willintegrate well with our existing business in Dublin and through the regionaloffices." Contact details: Anne Heraty, Chief ExecutiveJosephine Tierney, Finance DirectorCPL Resources plc Tel: +353 1 6146000 9 July, 2007 This information is provided by RNS The company news service from the London Stock Exchange