Bunzl PLC
04 July 2005
4 July 2005
BUNZL EXPANDS IN CENTRAL EUROPE
Bunzl plc, the international distribution and outsourcing Group, today announces
that it has acquired Tecep France SAS and its subsidiaries. Tecep is a French
holding company with operations in Hungary, Czech Republic, Slovakia, Romania
and Poland, primarily serving the retail, foodservice, catering and food
processing markets with packaging supplies and catering and food processing
equipment.
Tecep had sales in 2004 of €40.7 million. Net assets at completion are estimated
to be €9.8 million.
Commenting on the acquisition, Anthony Habgood, Chairman of Bunzl, said:
'This is a significant expansion of our presence in the exciting and growing
Central European market. I am delighted to welcome the management team and all
the staff of Tecep to Bunzl.'
Enquiries:
Bunzl plc Finsbury
Anthony Habgood Roland Rudd
David Williams Morgan Bone
Tel: 020 7495 4950 Tel: 020 7251 3801
This information is provided by RNS
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