Intnl Greetings PLC - Acquisition
11 Maggio 1998 - 9:32AM
UK Regulatory
RNS No 1924n
INTERNATIONAL GREETINGS PLC
11th May 1998
International Greetings PLC buys The Cracker Company
International Greetings, the UK's leading supplier of private label greetings
products has acquired the business of The Cracker Company, the market leader
in confectionery and games Christmas crackers for up to a maximum cash
consideration of #200,000. In the year to 31 December 1997, The Cracker
Company had turnover of approximately #2m, and the acquisition is expected to
be earnings enhancing in the current financial year to March 31 1999.
Nick Fisher, Joint Chief Executive of International Greetings said, "This
acquisition gives us the opportunity to broaden our range in a key product
category and by utilising existing production facilities, additional turnover
can be achieved with minimal increase in overheads, so bringing an immediate
benefit to the bottom line."
For further information, contact:
International Greetings PLC
Nick Fisher, Joint Chief Executive 01727 844 888
Grandfield
Michael Henman/Clare Abbot 0171 417 4170
END
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