Acquisition

RNS Number : 4197K

Bunzl PLC

25 June 2014

 



25 June 2014

BUNZL MAKES TWO FURTHER ACQUISITIONS

Bunzl plc, the international distribution and outsourcing Group, today announces that it has made two further acquisitions in the Netherlands and Brazil.

The Company has acquired Allshoes Benelux BV in the Netherlands.  Based in Alkmaar, Allshoes is a distributor of both branded and own brand safety and work shoes to a variety of wholesalers as well as to retailers, principally in the Netherlands but also in Belgium.  Revenue in the year ended 31 December 2013 was €19.9 million.

Bunzl has also acquired JPLUS Comércio e Distribuição Ltda in Brazil.  Based in Minas Gerais, JPLUS is engaged in the distribution of cleaning and hygiene supplies and disposable products to a variety of end user customers, particularly in the contract cleaning and healthcare sectors.  Revenue in the year ended 31 December 2013 was R$39.3 million (c.£11 million).

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

"The acquisition of Allshoes is an important development for our safety business in the Netherlands as it extends our product range in the safety shoe sector and will provide cross selling opportunities with Majestic, our existing personal protection equipment business in the Benelux region which specialises in the supply of gloves and workwear.  JPLUS will expand the geographical coverage of our cleaning and hygiene supplies business in Brazil, having entered this sector there with the acquisition of Ideal in 2011.  We are delighted to welcome the employees of both 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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