Acquisition

BUNZL PLC 27 September 1999 BUNZL EXPANDS OUTSOURCING SERVICES IN THE UK Bunzl plc, the international services Group, today announces that it has further expanded its Outsourcing Services business in the UK through the acquisition of Brierley-Almond Ltd. Brierley-Almond, which is based in Manchester, operates throughout the UK and specialises in the supply of 'goods not for resale' to supermarkets. Sales were £50m in the year ended 31 March 1999 and consolidated net assets at completion are estimated to be £1.5m. The transaction has been effected by the acquisition of its holding company, Peter Ward Holdings Limited. Anthony Habgood, Chairman of Bunzl, said: 'The acquisition of Brierley-Almond complements our growing business with retailers. It is a further step towards replicating in Europe our highly successful outsourcing programme with the North American grocery sector.' Enquiries: Bunzl plc Finsbury Anthony Habgood, Chairman Roland Rudd David Williams, Finance Director Rupert Younger Tel: 0171 495 4950 Tel: 0171 251 3801

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Bunzl (BNZL)
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