Rentokil Initial creates Pest Control leadership position in China in residential sector

20 Apr 2007

Rentokil Initial plc (RTO), one of the world’s leading providers of business support services, today announces that it has reached agreement with Beijing Taiming Technology Ltd to purchase 65% of its pest control business in China for a maximum consideration of RMB 130 million (£8.38m*) based on strict performance criteria. The company will be renamed Rentokil Taiming.

Beijing Taiming is the leading pest control operation in China and owns various patents in fumigation technology.

The company was established in September 1998. It has developed and patented a range of fumigators for indoor insect control. It also has a range of proprietary formulated insecticidal products. The service deals comprehensively with all common urban pest problems both in residential and commercial environments, reducing the risk of spreading vector diseases. In particular, the fumigator kills 100% of mosquitoes in indoor environments within minutes.

David Liu, Regional Managing Director - Asia Pacific of Rentokil Initial, said: “We are delighted to announce that after two years of building our foundation in China, we can now serve both residential and commercial sectors delivering pest control service and products to the market. Our new partner has already registered patents in China, Canada, South Africa and the United States for the most innovative pest control application technology that provides Chinese consumers a cleaner and healthier environment. This new joint venture will transform our business in China.”

• Conversion rate based on RMB15.5 to £1.