Bunzl PLC Acquisition (5724E)
November 09 2020 - 2:00AM
UK Regulatory
TIDMBNZL
RNS Number : 5724E
Bunzl PLC
09 November 2020
9 November 2020
BUNZL AGREES TO ACQUIRE BRAZIL BASED SAFETY BUSINESS AND
COMPLETES SAFETY ACQUISITION IN DENMARK
Bunzl plc, the specialist international distribution and
services Group, today announces that it has recently entered into
an agreement to purchase SP Equipamentos, a leading personal
protection equipment distributor based in Sao Paulo, Brazil, with
revenue in 2019 of BRL143 million (c.GBP22 million). SP
Equipamentos supplies a broad range of safety products to customers
across a number of markets, including the mining, steel,
construction and agriculture sectors. Completion of the acquisition
is expected to take place at the end of November.
In addition, and further to the announcement issued on 24
February 2020, Bunzl plc also announces that it has now completed
the acquisition of ICM, a distributor of personal protection
equipment to a variety of customers in Denmark, including a number
operating in the wind energy sector. ICM generated revenue in 2019
of DKK410 million (c.GBP49 million).
Commenting on the acquisitions, Frank van Zanten, Chief
Executive Officer of Bunzl, said:
"These two acquisitions will further expand and develop our
safety businesses in Brazil and Denmark, complementing our product
offering and broadening our customer base in both markets. Growth
through acquisitions continues to be an important part of the
strategy of the Group and I am pleased that year to date our
committed acquisition spend totals more than GBP400m. Our
acquisition pipeline remains promising with a number of discussions
ongoing."
Enquiries:
Bunzl plc Tulchan
Frank van Zanten, Chief Executive David Allchurch
Officer Martin Robinson
Richard Howes, Chief Financial Tel: +44 (0)20 7353 4200
Officer
Tel: +44 (0)20 7725 5000
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