12/07/2007

Kleerex Group Ltd.

Kleerex Group Continued Expansion

The Kleerex Group are pleased to announce the Acquisition of Profile Shopfitting Ltd.

Based in Swindon, Profile have been in operation since 1997 and supply Shopfitting Services to the pharmacy and leisure markets along with other specialised retail stores.

Employing over 40 people, their customers includes Lloyd’s Pharmacy, Rowland’s Pharmacy, Ralph Lauren, Bosch and Alliance Boots

Mr. David Haydon will continue as Managing Director of the Business and he says that the deal will allow Profile to further grow their business,

“Profile sees the investment by Kleerex as enabling the business to further pursue the next stage of growth and development in our target markets and we will also benefit from the wider capabilities of the Kleerex Group”

When commenting on the acquisition, Kleerex CEO Michael Ryan stated that the acquisition further enhances the Group’s retail services offer,

“Profile Shopfitting is a top class company with an excellent reputation for service and quality. We are very excited by this latest addition to the group and this investment continues the strategy of broadening our offer and services to our customers”.