Bunzl PLC
01 March 2007
1 March 2007
BUNZL MAKES FIRST ACQUISITION IN SPAIN
Bunzl plc, the international distribution and outsourcing Group, today announces
that it has acquired Iberlim-Catalanet SA from Juli Casulleras and Joan Gilbert.
Based near Barcelona, Iberlim is principally engaged in the distribution of
cleaning and hygiene products to a variety of customers in Spain. Revenue in the
year ended 31 December 2006 was €8.8 million and the gross assets acquired are
estimated to be €5.5 million.
Commenting on the acquisition, Michael Roney, Chief Executive of Bunzl, said:
'I am very pleased to welcome Iberlim to the Group. This acquisition represents
our first step into the Spanish market and is in line with our strategy of
expanding the business into new geographic areas. It will also provide an
opportunity to develop further in this region'
Enquiries:
Bunzl plc Finsbury
Michael Roney, Chief Executive Roland Rudd
Brian May, Finance Director Mark Harris
Tel: 020 7495 4950 Gordon Simpson
Tel: 020 7251 3801
This information is provided by RNS
The company news service from the London Stock Exchange
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