Acquisition of Hedgelane Limited

Tuesday 24th April 2012

Smiths News PLC, the UK’s leading wholesaler of newspapers, magazines and books, is pleased to announce the unconditional acquisition of Hedgelane Limited.

Hedgelane Limited's principal subsidiary trades as The Consortium for Purchasing and Distribution Limited (“The Consortium”), the UK’s leading specialist distributor of consumable products to the educational market, for an aggregate consideration of £38.0m, equivalent to an enterprise value (“EV”) of £44.1m.

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