Acquisition

RNS Number : 5744D

Bunzl PLC

01 May 2013

 



1 May 2013

FURTHER ACQUISITION IN AUSTRALIA

Bunzl plc, the distribution and outsourcing Group, today announces that it has purchased three businesses which form part of the Industrial & Safety division of Jeminex Limited in Australia.

Based in Sydney, the businesses acquired operate from locations throughout Australia and focus on three specialist markets.  The workwear and personal safety business distributes an extensive range of specialist personal protection equipment, industrial clothing and workwear to the mining, resources, construction and general industrial sectors.  The lifting, rigging and height safety business is principally engaged in the supply of lifting chains and ropes, slings and fittings and rigging accessories and transport and load restraints as well as the provision of accredited testing and repair services.  The third business is involved in the supply of industrial packaging products to a variety of customers in different market sectors.  Revenue of the businesses acquired in the year ended 31 December 2013 is expected to be approximately A$160 million.

Commenting on the acquisition, Michael Roney, Chief Executive of Bunzl, said:

"The acquisition of the Jeminex businesses significantly increases the size of our business in Australasia and extends our operations there into the safety market which is a successful sector for us in many countries.  It also provides us with the opportunity to sell our extensive product range to Jeminex's existing customer base.  We are delighted to welcome the employees of each of the businesses to Bunzl".

Enquiries:

Bunzl plc Michael Roney, Chief Executive Brian May, Finance Director Tel: [phone]

Tulchan David Allchurch Stephen Malthouse Tel: [phone]

 

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