Information  X 
Enter a valid email address

Restore PLC (RST)

  Print      Mail a friend

Monday 11 September, 2017

Restore PLC

Acquisition

RNS Number : 2863Q
Restore PLC
11 September 2017
 

11 September 2017

 

 

 

Restore plc

 

Acquisition of Lombard Recycling Limited and Data Shred Limited

 

Restore plc ("Restore"), the UK office services provider, today announces the acquisition of Lombard Recycling Limited and Data Shred Limited (together "Lombard"), two related secure shredding businesses based in Greenwich, London.

 

For the 12 months ended 30 September 2016, Lombard's secure shredding activities generated revenues of £1.6 million. The acquisition was funded from Restore's existing bank facilities.

 

Charles Skinner, Chief Executive of Restore commented:

 

"Lombard is the fifth secure shredding acquisition we have made since we acquired the Datashred business as part of our acquisition of PHS Data Solutions a year ago. It provides us with further economies of scale and extends 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

07860 402 434

Director

 

 

 

Cenkos Securities

020 7397 8900

Nick 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
 
 
ACQOKFDPPBKDCCK

a d v e r t i s e m e n t