9 January 2017

Restore PLC

Acquisition of Reisswolf Wales

Restore plc ('Restore') today announces the acquisition of the business and certain assets of Reisswolf Wales, Border Counties & Merseyside ('Reisswolf Wales'), the secure shredding division of Parry & Evans Limited, a fibre-based waste recycling business based in Welshpool, Wales.

Reisswolf Wales was founded in 2002. For the 12 months ending 31 May 2016, it generated revenues of £0.5 million. The acquisition was funded from Restore's existing bank facilities.

Charles Skinner, Chief Executive of Restore, commented:

'Following the acquisition of PHS Data Solutions in August, the addition of Reisswolf Wales brings to Restore a new customer base in the Welsh region, further economies of scale, and strengthens 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 Director

07860 402 434

Cenkos Securities

020 7397 8900

Nicholas Wells

Elizabeth Bowman

FTI Consulting

020 3727 1340

Nick Hasell

Alex Le May

Restore plc published this content on 09 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 January 2017 07:08:07 UTC.

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