BNZL Bunzl Plc

TIDMBNZL

RNS Number : 0585P

Bunzl PLC

29 August 2017

29 August 2017

BUNZL MAKES ACQUISITION IN CHINA

Bunzl plc, the international distribution and outsourcing Group, today announces that it has completed an acquisition in China.

Based in Shanghai with operations in four other provinces in eastern China, HSESF and its associated companies are principally engaged in the sale of a variety of personal protection equipment to local distributors and end users but also export products to customers overseas. The aggregate revenue of the businesses acquired was GBP24 million in 2016.

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

"I am delighted to be able to announce the purchase of HSESF, our first acquisition in China, and am pleased to welcome their employees to the Group. HSESF, together with LSH, the personal protection equipment distribution business in Singapore that we acquired earlier in the year, have enabled us to establish a presence in the safety sector in the region".

Enquiries:

 
 Bunzl plc                      Tulchan 
  Frank van Zanten, Chief        Martin Robinson 
  Executive                      Jessica Reid 
  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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August 29, 2017 02:01 ET (06:01 GMT)

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