Acquisition

Bunzl PLC 20 December 2002 20 December 2002 Bunzl acquires redistribution business in the us Bunzl plc, the international distribution and outsourcing Group, today announces that it has acquired Saxton, a redistribution business based in Phoenix, Arizona with locations also in Kansas City and Denver. Saxton, which principally operates in the cleaning and hygiene and foodservice sectors, had sales of $23.8 million in the year to September 2002. Net assets acquired are estimated to be $3.1 million on a net debt free basis. Commenting on the acquisition, Anthony Habgood, Chairman of Bunzl, said: 'Saxton is an excellent addition to our redistribution business strengthening our position both in cleaning and hygiene and in the relevant regions.' Enquiries Bunzl plc: Finsbury: Anthony Habgood, Chairman Roland Rudd David Williams, Finance Director Morgan Bone Tel: 020 7495 4950 Tel: 020 7251 3801 This information is provided by RNS The company news service from the London Stock Exchange T

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Bunzl (BNZL)
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