Bunzl - UK acquisition

Bunzl PLC 5 July 2001 5 July 2001 BUNZL EXPANDS OUTSOURCING SERVICES IN THE UK Bunzl plc, the international Group supplying business to business consumables, today announces that it has entered into an agreement with British Polythene Industries PLC to purchase its UK carrier bag supply business for a total cash consideration of up to £8.5 million, comprising £8.0 million payable on completion and a further £0.5 million subject to valuation of the stock to be acquired. Completion, which is subject to employee consultation and other legal conditions, is expected to take place within the next seven to ten days. The business, which principally supplies carrier bags to UK supermarkets and other high street retailers, had sales of £35 million in the year to 30 June 2001. Commenting on the acquisition, Anthony Habgood, Chairman of Bunzl, said: 'This acquisition enables us to expand significantly our retail supply business in the UK and build on our successful international sourcing operation.' Enquiries: Bunzl plc Finsbury Anthony Habgood, Chairman Roland Rudd David Williams, Finance Director Morgan Bone Tel: 020 7495 4950 Tel: 020 7251 3801

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Bunzl (BNZL)
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