Acquisition

Bunzl PLC 24 November 2004 24 November 2004 BUNZL FURTHER EXPANDS OUTSOURCING SERVICES Bunzl plc, the international distribution and outsourcing Group, today announces that it has acquired Joseph Weil & Sons, a redistribution business based in Chicago, Illinois and Beltex, a leading distributor of cleaning & safety products in Hungary. A private company, Weil supplies janitorial/sanitation, disposable foodservice and non-food retail products in the Midwest United States and had sales of $53 million in the year ended 30 June 2004. Net assets at completion are estimated to be $9.0 million on a debt free basis. Beltex, also a private company, has grown organically to become a leading national player in Hungary with additional branches in neighbouring Romania and Slovakia. Its product range encompasses cleaning & hygiene supplies and has also recently extended into safety supplies & personal protection equipment. Sales in the year ended 31 December 2003 were €12 million. Net assets at completion are estimated to be €3.3 million on a debt free basis. Commenting on the acquisitions, Anthony Habgood, Chairman of Bunzl said: 'Weil is a strong jan/san and food service disposable supplier based in Chicago which will complement our position there and provide an opportunity to develop further into these markets. Beltex is our first acquisition in Outsourcing Services in Eastern Europe and establishes a platform in a key region of growth and future potential. These acquisitions further reinforce Bunzl as the logical partner for customers and suppliers.' Enquiries: Bunzl plc Finsbury Anthony Habgood, Chairman Roland Rudd David Williams, Finance Director 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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Bunzl (BNZL)
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