Acquisition

RNS Number : 8421X

Bunzl PLC

27 February 2017

 

27 February 2017

BUNZL EXPANDS INTO SINGAPORE

Bunzl plc, the international distribution and outsourcing Group, today announces that it has acquired LSH, a company based in Singapore.

LSH is engaged in the distribution of a variety of personal protection equipment, primarily to end users operating in the oil & gas, construction, pharmaceutical and industrial sectors.  Revenue in 2016 was S$9 million (c.£5 million).

Commenting on the acquisition, Frank van Zanten, Chief Executive of Bunzl, said:

"The purchase of LSH represents our first step into Singapore following which we now have operations across 30 countries globally.  The business has a leading position in the local safety market with a broad product offering and well established customers and should provide a good base from which to develop our operations in South East Asia.  We are pleased to welcome their employees to the Group".

Enquiries:

Bunzl plc Frank van Zanten, Chief Executive Brian May, Finance Director Tel: [phone]

Tulchan David Allchurch Stephen Malthouse Tel: [phone]

 

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