Bunzl PLC Acquisition (7404P)
November 22 2016 - 2:00AM
UK Regulatory
TIDMBNZL
RNS Number : 7404P
Bunzl PLC
22 November 2016
22 November 2016
BUNZL MAKES FURTHER ACQUISITIONS IN FRANCE AND DENMARK
Bunzl plc, the international distribution and outsourcing Group,
today announces that it has entered into agreements to acquire two
further businesses in France and Denmark.
Prorisk and GM Equipement, which are based near Lyon and in
Vannes respectively, are principally engaged in the sale of a
variety of personal protection equipment and first aid related
products to both end users and distributors throughout France. The
aggregate revenue of the businesses in the year ended 31 December
2015 was EUR7 million. Completion of the acquisition is expected to
take place by the end of January 2017.
Sæbe Compagniet, which is based near Copenhagen, is a
distributor of cleaning & hygiene related products to a variety
of end user customers, principally in the hotel, restaurant and
catering sectors, in Denmark. Revenue in the year ended 30 April
2016 was DKK113 million (c.GBP13 million). Completion of the
acquisition is subject to clearance of the transaction by the
Danish competition authority.
Commenting on the acquisitions, Frank van Zanten, Chief
Executive of Bunzl, said:
"The purchase of Prorisk and GM Equipement will add further
scale to our safety business in France and increase the breadth of
our product offering in this important market. The proposed
acquisition of Sæbe Compagniet will complement our existing
cleaning & hygiene operations in Denmark and extend and expand
our business there. We look forward to welcoming the businesses and
their employees to the Group."
Enquiries:
Bunzl plc Tulchan
Frank van Zanten, Chief David Allchurch
Executive Stephen Malthouse
Brian May, Finance Director Tel: 020 7353 4200
Tel: 020 7725 5000
This information is provided by RNS
The company news service from the London Stock Exchange
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