Acquisition

Bunzl PLC 12 September 2003 12 September 2003 BUNZL TO ACQUIRE FILTERS AND FIBRES BUSINESS OF BAUMGARTNER Bunzl plc, the international distribution and outsourcing Group, today announces that it has entered into an agreement to purchase the business of Baumgartner Fibertec. Completion of the acquisition is subject to the transaction receiving clearance from the relevant competition authorities. Fibertec, which is based in Crissier, Switzerland, is engaged in the development, manufacture and sale of cigarette filters and capillary reservoirs. The business had sales in 2002 of CHF40 million. The value of the net assets to be acquired are expected to be approximately CHF14 million. Commenting on the acquisition, Anthony Habgood, Chairman of Bunzl, said: 'Fibertec is an excellent fit with our existing Filtrona filters and fibres businesses. It has a complementary customer base and will enhance our product offering.' 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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