Plus   Neg

Rentokil Initial Concludes Purchase Of Western Exterminator, Eden Advanced Pest

Rentokil Initial plc (RTOKY.PK,RTO.L), following the 25th September 2012 announcement, said it has closed the acquisition of Western Exterminator Company for a revised initial cash consideration of $92.6 million with a deferred consideration of up to $6 million payable within 18 months from existing financial facilities.

Western is a pest control company in California with annualised revenues of $149 million.

Additionally, Rentokil announced the completion of Eden Advanced Pest Technologies acquisition, a full service pest control company servicing commercial and residential customers within the West Coast states of Washington and Oregon. The company was founded in 1989 and has annualised $7 million revenues.

The acquisitions position Rentokil as the third largest pest control company in the USA with coast to coast coverage, according to the company.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Follow RTT