Bunzl PLC
4 May 2001
4 May 2001
BUNZL ACQUIRES OUTSTANDING SHARES IN FILTRATI
Bunzl plc, the international Group supplying business to business consumables,
today announces that it has acquired 51% of Filtrati SpA from Azienda Tabacchi
Italiani SpA and Finmeccanica SpA. This takes Bunzl's ownership of Filtrati to
100%.
Filtrati, which had sales in 2000 of £15.2 million, supplies both cigarette
filters and ink reservoirs from its facilities in Rovereto and Salerno, Italy.
Net assets as at 31 December 2000 were £8.2 million. It has been part of the
worldwide network of Filtrona for more than 30 years.
Commenting on the acquisition, Anthony Habgood, Chairman of Bunzl plc said:
'We are delighted to have been able to purchase the balance of the shares in
Filtrati. This will enable it to become a full member of our global Filtrona
network.'
Enquiries:
Bunzl plc Finsbury
Anthony Habgood, Chairman Roland Rudd
David Williams, Finance Director Morgan Bone
Tel: 020 7495 4950 Tel: 020 7251 3801
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.