Rollins, Inc. Completes Acquisition of HomeTeam Pest Defense from Centex
2008年4月4日 - 6:30AM
ビジネスワイヤ(英語)
Rollins, Inc. (NYSE: ROL), a premier North American consumer
services company, announced today that it has completed its
acquisition of subsidiaries of Centex Corporation (NYSE: CTX),
through the purchase of assets, its pest control business, HomeTeam
Pest Defense for a cash payment of approximately $137 million.
HomeTeam Pest Defense recorded revenues of $134 million in 2007
related to its pest control business. Prior to the acquisition,
HomeTeam Pest Defense was established in 1996 and was recognized as
a premier pest control business and ranked as the 4th largest
company in the industry. Based in Dallas, TX, the company is the #1
pest management company servicing home builders with over 1,500
builder partners nationally and over 400,000 customers from over 50
branches. Glen Rollins, Vice President of Rollins, Inc. and
President of Orkin, Inc., who along with HomeTeam�s leadership, is
currently visiting with HomeTeam�s co-workers commented, �We are
impressed by the broad talent of the HomeTeam associates and look
forward to learning a great deal from them. Working together,
HomeTeam will be a great addition to our already outstanding
Rollins team as we will improve operations and better serve over 2
million customers.� About Rollins Rollins, Inc. is a premier North
American consumer and commercial services company. Through its
wholly owned subsidiaries, Orkin, Inc., PCO Services, HomeTeam Pest
Defense, Western Pest Services, and The Industrial Fumigant
Company, the Company provides essential pest control services and
protection against termite damage, rodents and insects to
approximately 2.1 million customers in the United States, Canada,
Mexico, Central America, the Caribbean, the Middle East and Asia
from over 500 locations. You can learn more about our subsidiaries
by visiting our Web sites at www.orkin.com, www.pestdefense.com,
www.westernpest.com, www.indfumco.com and www.rollins.com. You can
also find this and other news releases at www.rollins.com by
accessing the news releases button. CAUTION CONCERNING
FORWARD-LOOKING STATEMENTS The above release contains statements
that constitute �forward-looking statements� within the meaning of
the Private Securities Litigation Reform Act of 1995. The actual
results of the Company could differ materially from those indicated
by the forward-looking statements because of various risks and
uncertainties, including without limitation, general economic
conditions; market risk; changes in industry practices or
technologies; the degree of success of the Company�s pest and
termite process reforms and pest control selling and treatment
methods; the Company�s ability to identify potential acquisitions;
climate and weather trends; competitive factors and pricing
practices; the cost reduction benefits of the corporate
restructuring may not be as great as expected or eliminated
positions may have to be reinstated in the future; potential
increases in labor costs; uncertainties of litigation; and changes
in various government laws and regulations, including environmental
regulations. All of the foregoing risks and uncertainties are
beyond the ability of the Company to control, and in many cases the
Company cannot predict the risks and uncertainties that could cause
its actual results to differ materially from those indicated by the
forward-looking statements.
Centex (NYSE:CTX)
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Centex (NYSE:CTX)
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