RNS Number:5442Q
Glisten PLC
06 October 2003



FOR RELEASE                         7.00AM                        6 OCTOBER 2003


                                  Glisten plc
                           ("Glisten" or "the Group")
                    The food group focused on niche sectors

                              Acquisition of Sunya

The Board is pleased to announce the Group's first acquisition since flotation
in accordance with its stated strategy to build a food group focused on niche
sectors. Glisten has today completed the acquisition of the trading operations
and assets of 'Sunya', a division of Renshaw Scott Ltd.

Sunya manufactures chocolate confectionery, such as foiled and 'netted'
chocolate balls and also seasonal products for the retail sector and gift trade.
Clients include many of the UK's major multiple chains.

Production of Sunya's products will be transferred to Glisten's Blackburn site
through December in order to minimise disruption during the pre Christmas peak.

In the year ended 30 June 2003, Sunya had sales of approximately #1.8 million
and a pro forma operating profit of #220,000.

Sunya is being acquired for a cash consideration of #750,000 for the assets
excluding stock and goodwill. Stock will be purchased at a cost of approximately
#220,000. There will in addition be #110,000 of costs associated with the
transaction.

The consideration is being met by Glisten's bank facilities and the Board
expects that the acquisition will be earnings enhancing in the second half of
the financial year to 30 June 2004.

Jeremy Hamer, Non-Executive Chairman, commented:

"Whilst being a significant and immediate 'bolt-on' to the Glisten chocolate
confectionery range, Sunya will in the medium term provide a number of
additional cross selling opportunities as most of its customers and product
capabilities are new to Glisten."


For Further information:

Glisten plc
Jeremy Hamer (Chairman)                        07977 234614 (mobile)
Paul Simmonds (Chief Executive)                07734 263224 (mobile)
Rob Davies (Finance Director)                  07734 592616 (mobile)

Charles Stanley & Company Limited              020 7953 2000
Philip Davies
Rick Thompson

Beattie Financial                              020 7398 3300
Brian Coleman-Smith
Amanda Sheehy

Note:

As a division of Renshaw Scott Ltd, no separate audited financial information is
available for Sunya.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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