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Farsons acquires wholesale and retail operation 11/20/2003

Simonds Farsons Cisk plc announced today that it has signed an Agreement with Mr Guido Vella for the acquisition of Guido Vella Cash & Carry.

The acquisition involves the transfer of Mr Vella’s business as a going concern but will be managed as a separate entity to the other Group subsidiary companies.

Mr Reuben Vella has been appointed Sales Manager of the Company and shall be responsible for the running of the sales operation. Mr Vella has a vast field experience in the beverage business and has given a valid contribution to the family business run by his father.

Speaking after the signing of the agreement, Mr Bryan A. Gera, Chairman of Simonds Farsons Cisk plc said that this was another important step for the Farsons Group in the verticalisation of its operations.  He said that Guido Vella Cash & Carry shall now be able to retain the advantages of a small successful operation with a focus on personal service to its clients whilst benefiting from the resources of the Farsons Group.   He paid tribute to Mr Guido Vella for having built such a customer oriented operation and he was pleased that Mr Vella’s family members shall continue to be involved in the business.

The agreement was signed by Bryan A. Gera and Anthony J. Tabone, Chairman and Company Secretary of Simonds Farsons Cisk plc and Mr Guido Vella and Mrs Vivienne Vella on behalf of Guido Vella Cash & Carry.