Wynnstay Regulatory News (WYN)

2 Dec 2005 12:06

Wynnstay Group PLC02 December 2005 2 December 2005 WYNNSTAY GROUP PLC "Wynnstay" Re: Acquisitions Wynnstay, the agricultural supplies and rural retail business, announces todaythe acquisition of the business of Quins Farm Supplies, based at Newtown, Powys.A cash consideration of up to a maximum of £0.38m is being paid, dependent oncertain verifications. Quins supplies animal health care and nutrition productsas well as general hardware items and a range of country sporting goodsincluding shotguns, to farmers and county dwellers in Mid-Wales. Operating fromtwo stores, it generated sales of approximately £1.4m in the year to October2005. The business is an excellent fit with Wynnstay's network of country stores,which offer a wide range of farming and country-related products. Quins storesat Newtown and Welshpool will be closed and the respective trade relocated toWynnstay's existing sites in those towns. At Newtown, the combined business willoperate from the Wynnstay's new flagship store, which officially opens on the10th December 2005. Wynnstay also announces today that its joint venture business, Young's AnimalFeeds, the equine and pet feeds producer, has acquired Dollin & Morris Ltd, aspecialist manufacturer of equine, pet and wild bird foods, based at Standon inStaffordshire. Wynnstay has invested a further £180,000 to fund it's share ofthe purchase consideration, and expects the combined businesses to generateannual sales of approximately £8m. Bernard Harris, Managing Director of Wynnstay, commented, "Quins Farm Supplies is a complementary fit with our existing stores businessand is therefore an excellent addition to this division, which now comprises 24stores". Press enquiries: Wynnstay Group plc Bernard Harris, Managing Director T: 01691 828512 Paul Roberts, Finance Director Biddicks Katie Tzouliadis T: 020 7448 1000 This information is provided by RNS The company news service from the London Stock Exchange