Bunzl PLC Acquisition (0585P)
August 29 2017 - 2:01AM
UK Regulatory
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
END
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