Acquisition of Western Exterminator Company and Eden Advanced Pest Technologies

10 Dec 2012

Following the announcement of 25 September 2012, Rentokil Initial plc (LSE: RTO) today announces that it has completed the acquisition of Western Exterminator Company for a revised initial cash consideration of $92.6m with a deferred consideration of up to $6m payable within 18 months from existing financial facilities. Western is a leading pest control company in California with annualised revenues of $149m.

Rentokil Initial also announces today that it has completed the acquisition of Eden Advanced Pest Technologies, 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 revenues of $7m.

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