Bunzl PLC
22 November 2002
22 November 2002
BUNZL EXPANDS OUTSOURCING SERVICES IN THE UK
Bunzl plc, the international distribution and outsourcing Group, today announces
that it has entered into an agreement to acquire the Darenas business of Ecolab
Limited. Completion is expected to take place in early December 2002.
The business, which is based in Birmingham, distributes cleaning and hygiene
supplies throughout the UK. The annualised level of sales to be acquired is
approximately £20 million and the net assets are expected to be approximately
£4.5 million.
Commenting on the acquisition Anthony Habgood, Chairman of Bunzl, said:
'Darenas is an excellent fit with our existing cleaning and hygiene operations
in the UK and further strengthens our position in this market.'
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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