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Hays snaps up a French operator

25th June 1992, Page 9
25th June 1992
Page 9
Page 9, 25th June 1992 — Hays snaps up a French operator
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• Hays has taken the first step towards a pan-European distribution network with the £37.5m purchase of Groupe FRIL, a French operator specialising in grocery distribution.

In Hays' first move into Europe it has acquired FRIL's 13 warehouses and 280 vehicles which work for customers including Carrefour, Nestle, 'oplait and Moet Hennessy.

The money for acquisition was raised by selling discounted shares to a number of financial institutions. "From France we can look at other EC opportunities," says Hays.