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Contract Wins and Joint Ventures

Rentokil Initial in joint venture with Haniel

16 December 2016 07:12

Rentokil Initial and Haniel & Cie Holding Company have today entered into an agreement to form a joint venture, creating a leading provider of Workwear and Hygiene services in Europe with combined revenues of about €1.1bn and APBITA of about €130m (12 months to 30 June 2016).

The joint venture brings together Rentokil Initial's Workwear and Hygiene businesses ("the Rentokil Initial businesses") in 10 countries principally in the Benelux and Central & Eastern Europe regions, together with Haniel's businesses in 17 countries which operate under the CWS-boco brand.

Story provided by StockMarketWire.com

Related Company: RTO

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