Restore PLC Acquisition of Baxter Confidential Limited (9660N)

TIDMRST

RNS Number : 9660N

Restore PLC

15 August 2017

15 August 2017

Restore PLC

Acquisition of Baxter Confidential Limited

Restore plc ("Restore"), the UK office services provider, today announces the acquisition of Baxter Confidential Limited ("Baxter"), a secure shredding and archiving business based in Winchester, Hampshire.

For the 12 months ended 30 April 2017, Baxter's secure shredding and archiving activities generated revenues of GBP0.8 million. The acquisition was funded from Restore's existing bank facilities.

Charles Skinner, Chief Executive of Restore, commented:

"The addition of Baxter Confidential and its site in Winchester broadens Restore Datashred's customer base in Southern England and strengthens our branch network. It will also provide us with further economies of scale and extend our position as the UK's second largest provider of secure shredding services."

 
 For further information please contact: 
 Restore plc 
 Charles Skinner, Chief 
  Executive                  07966 234 075 
 Adam Councell, Group 
  Finance Director           07860 402 434 
 
 Cenkos Securities           020 7397 8900 
 Nicholas Wells 
 Elizabeth Bowman 
 
 FTI Consulting              020 3727 1340 
 Nick Hasell 
 Alex Le May 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQSFMFMLFWSESA

(END) Dow Jones Newswires

August 15, 2017 02:00 ET (06:00 GMT)