Bidvest to acquire British hygiene business PHS

Bidvest CEO Lindsay Ralphs. Picture: FINANCIAL MAIL

“Bidvest believes that the PHS service offering and geographic presence will be complementary to Bidvest’s Services division. Several learnings can be shared, and enhanced, thereby improving the overall service offering. The geographic footprint allows for growth optionality into Europe and further afield,” Bidvest said in a statement on Tuesday.

“The hygiene market is resilient and continues to grow, supported by structural growth drivers such as urbanisation, hygiene and safety standards as well as a growing and ageing population, to name a few,” Bidvest said. The company was carrying £560m at the end of March 2019, which means that its earnings before interest, tax and amortisation of £37.5m for the financial year was extinguished by interest charges of £55m.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

A useful guide for CEOs on how to make ethical decisions in businessWhat happens when a leader's beliefs and decisions have an indirect negative impact on the business? Maybe hang it up at ENCA first? Should help SA government too👍 You are one to talk!!
Источник: eNCA - 🏆 49. / 51 Прочитайте больше »

ArcelorMittal sells 50% stake in its shipping businessThe world’s largest steelmaker plans to offload more assets to reduce its debt to below $7bn
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Business Day’s 10 most read opinion pieces of 2019Here is a list of the most read articles by our columnists, editors and, of course, our readers
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »