Acquisition

RNS Number : 8858P

Bunzl PLC

26 August 2014

 



26 August 2014

BUNZL EXPANDS IN THE UK

Bunzl plc, the international distribution and outsourcing Group, today announces that it has made four further acquisitions in the UK with aggregate annualised revenue of £34.8 million.

The Company acquired 365 Healthcare Limited at the end of June.  Based in Droitwich, the business is engaged in the distribution of mainly own brand healthcare products, principally operating theatre drapes and gowns, procedure packs, disposable surgical instruments and dressings, to a variety of customers including hospitals, GP practices and private clinics.  Revenue was £10.9 million in the year ended 31 December 2013.

At the end of July, Bunzl purchased the Cheltenham based Premiere Products cleaning and hygiene supplies distribution business of The Premiere Polish Company Limited.  The business provides a variety of both own brand and branded cleaning and hygiene products to customers throughout the UK, particularly those serving the facilities management and education sectors.  Revenue in the year ended 30 November 2013 was £6.0 million.

Finally the Company acquired two safety businesses also at the end of July.  Lee Brothers Bilston Limited, which had revenue of £8.7 million in the year ended 31 December 2013, supplies a variety of mainly branded personal protection equipment and workplace consumables to customers largely in the construction and engineering sectors.  Guardsman Limited, which is based in Leicester and had revenue of £9.2 million in the year ended 31 July 2014, is engaged in the sale of a variety of safety equipment and workwear, both branded and own brand, to customers in various manufacturing industries as well as the construction and engineering sectors.

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

"365 Healthcare has expanded our product offering of medical consumables to the healthcare sector while Premiere Products has extended the breadth of our own brand product offering and has further strengthened our cleaning and hygiene supplies business.  The purchase of Lee Brothers and Guardsman together represent an important development for our safety business.  We are delighted to welcome each of the four businesses and their employees to Bunzl."

Enquiries:

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

Tulchan David Allchurch Stephen Malthouse Tel: [phone]

 

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