Rentokil Initial Regulatory News (RTO)

18 Dec 2006 07:09

Rentokil Initial PLC18 December 2006 18 December 2006 RENTOKIL INITIAL CREATES PEST CONTROL LEADERSHIP POSITION IN AUSTRALIA Rentokil Initial plc (RTO), one of the world's leading providers of businesssupport services, today announces that it has reached agreement with CampbellBrothers Limited (ASX: CPB) to acquire its pest control business in Australiafor a total consideration of A$48 million (£19.2m*) in cash. For the year to 31 March 2006, Campbell Brothers' pest control business hadannual revenues of A$32.5 million (£13m*). The deal is expected to complete inearly 2007. The pest control services of Campbell Brothers are available nationwide acrossAustralia. David Liu, Regional Managing Director - Asia Pacific of Rentokil Initial, said:"We're delighted to announce our latest acquisition in the Australian marketfollowing the purchase of the Pink branded washrooms business earlier this year.Our strategic aim is to combine leadership positions in our establishedmarkets with the entry into new markets such as China and Vietnam which havemassive potential for the future." * Conversion rate based on A$2.5 to £1. - Ends - Notes to Editors Rentokil Initial Rentokil Initial is one of the largest business services companies in the world,operating in all the major economies of Europe, North America, Asia Pacific andAfrica. The company has some 70,000 employees providing a range of supportservices in over 40 countries where the 'Rentokil' and 'Initial' brands havecome to represent innovation, deep expertise and consistent quality of service.Services include textiles and washroom services, pest control, tropical plants,electronic security, parcels delivery and facilities services. For further information, please contact: Malcolm Padley, Corporate Communications - 020 7866 3027/ 07788 978 199 Brunswick GroupKate Holgate - 020 7404 5959/07974 982402Jon Rhodes - 020 7404 5959/07834 502361 This information is provided by RNS The company news service from the London Stock Exchange