BNZL Bunzl Plc

TIDMBNZL

RNS Number : 0328G

Bunzl PLC

24 May 2017

24 May 2017

BUNZL COMPLETES ACQUISITION OF DDS

Bunzl plc, the international distribution and outsourcing Group, today announces that the acquisition of Diversified Distribution Systems, LLC (DDS), that was announced on 1 March 2017, has been completed following clearance of the transaction by the Federal Trade Commission in the US.

DDS is a distributor of goods not-for-resale and value-added services to retailers and other general distribution customers, principally throughout North America but also in Europe, the Middle East and Asia. Based in Minneapolis and with four distribution centres in the US and several third party logistic arrangements internationally, the business supplies a wide range of packaging, consumables and operating store supplies through a variety of distribution and outsourcing programmes. Revenue in 2016 was US$312 million.

Enquiries:

 
 Bunzl plc                      Tulchan 
  Frank van Zanten, Chief        David Allchurch 
  Executive                      Stephen Malthouse 
  Brian May, Finance Director    Tel: +44 (0)20 7353 4200 
  Tel: +44 (0)20 7725 5000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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