Acquisition

Bunzl PLC 04 November 2002 4 November 2002 Bunzl expands outsourcing services in AUSTRALASIA Bunzl plc, the international distribution and outsourcing Group, today announces that it has acquired Lesnie's from Van Hessen BV. Lesnie's is a leading distributor of supplies to food processors and retailers in Australasia. Based in Sydney, the business operates from eleven locations and had sales of A$51 million in 2001. Net assets at completion are estimated to be A$10 million on a net debt free basis. Commenting on the acquisition Anthony Habgood, Chairman of Bunzl, said: 'Lesnie's is an excellent addition to our successful and growing Outsourcing Services business. It significantly expands our position in the market and extends our coverage of food processors.' 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 TMBPT

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Bunzl (BNZL)
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