Acquisition

RNS Number : 0611Z

Bunzl PLC

04 March 2013

 



4 March 2013

BUNZL EXPANDS INTO HEALTHCARE IN BRAZIL

Bunzl plc, the distribution and outsourcing Group, today announces that it has acquired Labor Import Comercial Importadora Exportadora Ltda in Brazil.

Based near São Paulo, Labor Import is principally engaged in the supply and distribution of own label medical and healthcare consumable products to redistributors as well as to hospitals, clinics, laboratories and care homes throughout Brazil.  Revenue in the year ended 31 December 2012 was R$49.5 million.

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

"The purchase of Labor Import is another important step for Bunzl as it represents our first move into the healthcare sector in Brazil, having previously acquired businesses in the safety and cleaning & hygiene sectors.  It has a market leading position and an excellent customer base which should provide a platform for us to develop a strong presence in this sector going forward.  We are pleased to welcome their employees to the Group."

Enquiries:

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

Tulchan David Allchurch Stephen Malthouse Tel: [phone]

 

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