Acquisition

Wynnstay Group PLC 02 December 2005 2 December 2005 WYNNSTAY GROUP PLC 'Wynnstay' Re: Acquisitions Wynnstay, the agricultural supplies and rural retail business, announces today the 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 on certain verifications. Quins supplies animal health care and nutrition products as well as general hardware items and a range of country sporting goods including shotguns, to farmers and county dwellers in Mid-Wales. Operating from two stores, it generated sales of approximately £1.4m in the year to October 2005. 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 stores at Newtown and Welshpool will be closed and the respective trade relocated to Wynnstay's existing sites in those towns. At Newtown, the combined business will operate from the Wynnstay's new flagship store, which officially opens on the 10th December 2005. Wynnstay also announces today that its joint venture business, Young's Animal Feeds, the equine and pet feeds producer, has acquired Dollin & Morris Ltd, a specialist manufacturer of equine, pet and wild bird foods, based at Standon in Staffordshire. Wynnstay has invested a further £180,000 to fund it's share of the purchase consideration, and expects the combined businesses to generate annual sales of approximately £8m. Bernard Harris, Managing Director of Wynnstay, commented, 'Quins Farm Supplies is a complementary fit with our existing stores business and is therefore an excellent addition to this division, which now comprises 24 stores'. 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
UK 100

Latest directors dealings