US deal for Rentokil
Rentokil Initial is taking the fight to the rats and other vermin of the US by acquiring a pest control company on its west coast for more than $100m (£61m).
The business services specialist is to acquire Western Exterminator Company for an initial $99.6m to make it the third-largest pest control company in the US, from its current position of fifth.
Rentokil, which also provides workwear and parcel courier services, will pay a further $15m for Western in 18 months. North America is the world's biggest pest control market, accounting for half of total global revenues of £9bn.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies