Acquisition

Bunzl PLC 17 October 2001 BUNZL EXPANDS OUTSOURCING SERVICES FURTHER IN NORTH AMERICA AND EUROPE Bunzl plc, the international Group supplying business to business consumables, today announces that it has further expanded its North American Outsourcing Services business through the acquisition of the Eastern Paper division of EPC Industries, a distributor based in the Maritimes area of Canada. Eastern Paper, which had sales of C$36 million in 2000 and estimated net assets at completion of C$11.5 million, supplies supermarkets, redistributors and food processors and is a leading distributor in the Atlantic Canada market. Bunzl also announces that it has further expanded its European Outsourcing Services business through the acquisition from the Danish Grocers Federation of the DKI Group, which supplies packaging consumables and equipment to the Danish supermarket and food processing industries. Sales of DKI in 2000 were DKr224 million and the net assets acquired at completion are estimated to be DKr34 million. Commenting on the acquisitions, Anthony Habgood, Chairman of Bunzl plc said: 'The acquisition of Eastern Paper completes our geographic coverage of Canada and will also increase our ability to service national customers. Adding DKI to our operations in Denmark increases our product offering and widens our customer base there.' Enquiries: Bunzl plc Finsbury Anthony Habgood, Chairman Roland Rudd David Williams, Finance Director Morgan Bone Tel: 020 7495 4950 Tel: 020 7251 3801

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Bunzl (BNZL)
UK 100

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