11 July
2024
BUNZL ANNOUNCES ACQUISITIONS
IN SPAIN AND THE NETHERLANDS
Bunzl plc, the specialist
international distribution and services Group, today announces that
it has acquired two businesses.
In June, Bunzl completed the
acquisition of Sistemas De Embalaje Anper, a distributor of
industrial packaging to end-users in Spain. This business, which
expands our product offering and geographical footprint, generated
EUR 28 million (£24 million) of revenue in 2023.
In addition, Bunzl completed the
acquisition of Holland Packaging. Based in the Netherlands, Holland
Packaging is a distributor of bespoke and customised packaging
products and supplies to e-commerce focused companies. The business
generated EUR 16 million (£14 million) of revenue in
2023.
We are also pleased that the Group
has now completed the previously announced acquisition of RCL
Implantes, a distributor specialising in surgical and medical
devices in Brazil.
Commenting on today's announcement,
Frank van Zanten, Chief Executive Officer of Bunzl,
said:
"Today's announcement highlights the
strength of Bunzl's continuing consolidation opportunity. The
announced acquisitions are highly complementary to our existing
businesses, expanding our product offering in Spain and the
Netherlands, and have strong margins. I would like to offer a warm
welcome to the teams from the newly acquired businesses to the
Bunzl family. Our pipeline remains active and the strength of our
balance sheet supports our ability to continue to self-fund
value-accretive acquisitions alongside other capital allocation
options."
Enquiries:
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Bunzl plc
Frank van Zanten, Chief Executive
Officer
Richard Howes, Chief Financial
Officer
Tel: +44 (0)20 7725 5000
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Teneo
Martin Robinson
Olivia Peters
Tel: +44 (0)20 7353 4200
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