Acquisition

RNS Number : 5309I

Bunzl PLC

15 March 2010

 



15 March 2010

BUNZL ACQUIRES WEITA IN SWITZERLAND

Bunzl plc, the international distribution and outsourcing Group, today announces that it has acquired Weita Holding AG and its subsidiaries from Mr Christoph Huber.

Weita, which is based near Basel and operates from three locations, is a leading supplier of cleaning and hygiene, foodservice, retail, healthcare and safety consumable products to both end users and redistributors throughout Switzerland.  Revenue in the year ended 31 December 2009 was CHF70.9 million and the gross assets acquired are estimated to be CHF47 million.

Commenting on the acquisition, Michael Roney, Chief Executive of Bunzl, said:

"This is an important acquisition and an exciting development which extends our operations into the cleaning and safety, foodservice and healthcare sectors in Switzerland and significantly increases the size of our existing retail supplies business there.  Weita has a strong position in its markets, has a reputation for excellent customer service and will provide a base to develop further our business in Switzerland.  We welcome all of their employees to the Group."

Enquiries:

Bunzl plc Michael Roney, Chief Executive Brian May, Finance Director Tel: [phone]

Tulchan David Allchurch Stephen Malthouse Tel: + 44 (0)20 7353 4200

 

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