Bunzl PLC
10 October 2005
10 October 2005
BUNZL ACQUIRES RETAIL RESOURCES IN THE US
Bunzl plc, the international distribution and outsourcing Group, today announces
that it has acquired the business of Retail Resources LP from a privately owned
company controlled by Harry Katz and Mikel Eisenberg.
Retail Resources provides non-food retail stores across the US with distribution
services including store supplies such as checkout and merchandise bags, jan/san
items, labels, boxes and other paper products as well as specialised expense
control systems. Based in New York City, the business operates from facilities
in Philadelphia, Chicago, Los Angeles and Atlanta. Revenues in the year ended 31
December 2004 were $29.5 million and gross assets acquired are estimated to be
$6 million.
Commenting on the acquisition, Anthony Habgood, Chairman of Bunzl, said:
'The acquisition of Retail Resources fits well with our strategy of continuing
to grow our business in the US in certain specialist areas such as non-food
retail. It will broaden our platform for servicing this interesting and growing
sector of our business.'
Enquiries:
Bunzl plc Finsbury
Anthony Habgood, Chairman Roland Rudd
Brian May, Finance Director designate 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
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