Rentokil Initial plc announces further expansion of its pest control category with the acquisitions of Eradico Services Inc. in Northville, Mich., and Guatemala-based Sagrip S.A. The latter acquisition gives Rentokil market entry into the main cities of Guatemala and El Salvador. The acquisitions are in line with the company’s strategy of accelerating its mergers and acquisitions program to pursue targets in higher growth markets and in areas which add local density to existing operations.
Combined annualized revenues for the 12 months prior to acquisition of Eradico and Sagrip were approximately $10.8 million.
“We are delighted with the acquisitions,” says Andy Ransom, chief executive of Rentokil Initial plc. “They are in line with our differentiated strategy for growth and emerging markets. Eradico is a high quality, well run business, adding to our national coverage in the USA. It also has expertise in mosquito control that will add value to our customer base.
“The acquisition of Sagrip provides us with our first steps into the main cities of Guatemala and El Salvador, and continues our expansion into new emerging economies following market entries into Brazil, Chile and Colombia. We also have opportunities to build on our existing customer relationships in Mexico where their operations extend further south.”