Acquisition

RNS Number : 2668X

Bunzl PLC

05 May 2016

 

5 May 2016

BUNZL EXPANDS IN GERMANY

Bunzl plc, the international distribution and outsourcing Group, today announces that it has agreed to acquire two related businesses in Germany.

The Company has entered into an agreement to acquire Mo Ha Ge Mommsen Handelsgesellschaft mbH and Inkozell Zellstoff-Vertrieb GmbH.  Based in Berlin, both businesses are engaged in the sale of healthcare related consumables, principally incontinence products, to a variety of at home end users and care homes.  The aggregate revenue of the businesses in the year ended 31 December 2015 was €22 million.  Subject to clearance of the transaction by the German competition authority, completion of the acquisition is expected to take place by the end of May.

Commenting on the acquisition, Frank van Zanten, Chief Executive of Bunzl, said:

"The purchase of Mo Ha Ge and Inkozell is an important development for Bunzl as they both expand the Group's healthcare related operations in Germany, being a sector that we entered there in 2014 with the acquisition of Bäumer.  We welcome all of their employees to the Group."

Enquiries:

Bunzl plc Frank van Zanten, Chief Executive Brian May, Finance Director Tel: [phone]

Tulchan David Allchurch Stephen Malthouse Tel: [phone]

 

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