Bunzl PLC
06 April 2006
6 April 2006
BUNZL EXPANDS IN AUSTRALIA AND FRANCE
Bunzl plc, the international distribution and outsourcing Group, today announces
that it has acquired Allcare Disposable Products Pty Limited from Stewart Smith,
Carolyn Smith and Simone Hartin on behalf of themselves and the beneficiaries of
the Smith family trust including Maurice Smith.
Allcare is principally engaged in the distribution of personal protection
equipment and disposable products to food processors in Australia. Based in
Melbourne, Victoria with a location in Queensland, the business had revenue of
A$23.0 million in the year ended June 2005. Gross assets acquired are estimated
to be A$9.3 million.
Bunzl also announces the acquisition of Picardie Hygiene SA from Arnaud
Prouvost. The business, which is based in Amiens and had revenue of €9.9 million
in 2005, distributes cleaning and hygiene products in Northeast France. Gross
assets acquired are estimated to be €2.8 million.
Commenting on the acquisitions, Michael Roney, Chief Executive of Bunzl, said:
'The acquisition of Allcare increases our presence in the food processor sector
in Australia and complements our existing disposables distribution business.
Picardie will add further to the cleaning and hygiene business of Groupe Pierre
Le Goff, strengthening our position in Northeast France.'
Enquiries:
Bunzl plc Finsbury
Michael Roney, Chief Executive Roland Rudd
Brian May, Finance Director Morgan Bone
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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