Samson sells on Peter Cox Property Care
RENTOKIL Initial has bought the Oldham-based damp-proofing and timber treatment firm Peter Cox Property Care.
The deal comes just two years after the business was sold by listed group Restore for £3.6m to Castlefield House, which is controlled by Harvey Samson, who was Restore’s finance director until June 2012.
Since then Peter Cox’s trading figures have improved dramatically with revenues jumping from £9m in 2012 to £19.6m in the year to July, and profits increasing from £200,000 to £2.5m.
Rentokil has also acquired two pest control businesses: EcoTime Pest Control in Italy and Tropical Pest Control in the Bahamas.
It did not say how much it had spent on the three businesses but said their total sales were £24m.
Chief executive Andy Ransom said: “2014 was a busy year on the M&A front for Rentokil Initial. I am delighted with the businesses we have acquired and pleased that the integrations are progressing well. It is particularly pleasing to secure the Peter Cox acquisition which is an excellent business in a growing market sector.”
Mr Samson is also a director of the Liverpool bar chain BaaBar.
