Bunzl PLC
30 January 2007
30 January 2007
BUNZL MAKES TWO FURTHER ACQUISITIONS IN NORTH AMERICA
Bunzl plc, the international distribution and outsourcing Group, today announces
that it has acquired the business of Tec Products Co Inc from a private company
owned by David Holtzman, Joel Shapiro, Aaron Wolkstein and Erwin Kirschner.
Based in New Jersey, Tec Products is principally engaged in the supply of jan/san
and associated products through redistributors. Revenue in the year ended
31 December 2006 is estimated to have been US$14 million and the gross assets
acquired are estimated to be US$3.3 million.
Bunzl has also purchased Westgate Sales Corporation from Thomas Sibilla and
Joseph Brancato and Westgate Canada Ltd from Thomas Sibilla, Joseph Brancato and
James Anderson. Also based in New Jersey with facilities in Ontario and Alberta,
Canada, Westgate supplies personal protection equipment through redistributors
in the eastern US and Canada. Revenue in the year ended 31 December 2006 is
estimated to have been US$18 million and the gross assets acquired are estimated
to be US$3.6 million.
Commenting on the acquisitions, Michael Roney, Chief Executive of Bunzl, said:
'Tec Products expands our jan/san business in the northeast region of the US
while Westgate adds further scale and geographical coverage to our personal
protection equipment business in North America following the acquisition of
United American Sales in August 2006. We welcome both businesses to the Group.'
Enquiries:
Bunzl plc Finsbury
Michael Roney, Chief Executive Mark Harris
Brian May, Finance Director Gordon Simpson
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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