Bunzl PLC Acquisition

RNS Number : 9119V

Bunzl PLC

11 July 2024

 

11 July 2024

 

BUNZL ANNOUNCES ACQUISITIONS IN SPAIN AND THE NETHERLANDS

 

Bunzl plc, the specialist international distribution and services Group, today announces that it has acquired two businesses.

In June, Bunzl completed the acquisition of Sistemas De Embalaje Anper, a distributor of industrial packaging to end-users in Spain. This business, which expands our product offering and geographical footprint, generated EUR 28 million (£24 million) of revenue in 2023.

In addition, Bunzl completed the acquisition of Holland Packaging. Based in the Netherlands, Holland Packaging is a distributor of bespoke and customised packaging products and supplies to e-commerce focused companies. The business generated EUR 16 million (£14 million) of revenue in 2023. 

We are also pleased that the Group has now completed the previously announced acquisition of RCL Implantes, a distributor specialising in surgical and medical devices in Brazil.

Commenting on today's announcement, Frank van Zanten, Chief Executive Officer of Bunzl, said:

"Today's announcement highlights the strength of Bunzl's continuing consolidation opportunity. The announced acquisitions are highly complementary to our existing businesses, expanding our product offering in Spain and the Netherlands, and have strong margins. I would like to offer a warm welcome to the teams from the newly acquired businesses to the Bunzl family. Our pipeline remains active and the strength of our balance sheet supports our ability to continue to self-fund value-accretive acquisitions alongside other capital allocation options."

                                                                                                                     

Enquiries:

 

Bunzl plc Frank van Zanten, Chief Executive Officer Richard Howes, Chief Financial Officer Tel: [phone]	Teneo Martin Robinson Olivia Peters Tel: [phone]

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

ACQRMMJTMTTBBRI