Acquisition (1892G)
27 June 2012 - 4:00PM
UK Regulatory
TIDMBNZL
RNS Number : 1892G
Bunzl PLC
27 June 2012
27 June 2012
BUNZL ACQUIRES SERVICE PAPER IN THE US
Bunzl plc, the international distribution and outsourcing Group,
today announces that it has acquired the business of Service Paper
Company in the United States.
Based near Seattle, Service Paper is principally engaged in the
distribution of disposable supplies to the grocery, foodservice,
food processor and industrial packaging sectors throughout the
Pacific Northwest. Revenue of the business acquired for the year
ended 31 December 2011 was $61 million and the gross assets
purchased are estimated to be $18 million.
Commenting on the acquisition, Michael Roney, Chief Executive of
Bunzl, said:
"Service Paper is an excellent business with a reputation for
providing high levels of customer service which will complement and
expand our existing business in the region. We are delighted to
welcome their employees to Bunzl."
Enquiries:
Bunzl plc Tulchan
Michael Roney, Chief Executive David Allchurch
Brian May, Finance Director Stephen Malthouse
Tel: 020 7725 5000 Tel: 020 7353 4200
This information is provided by RNS
The company news service from the London Stock Exchange
END
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