Acquisition

RNS Number : 5593R

Bunzl PLC

07 November 2011

 



7 November 2011

BUNZL ACQUIRES FURTHER BUSINESS IN BRAZIL

Bunzl plc, the international distribution and outsourcing Group, today announces that it has acquired Danny Comércio Importação Exportação Ltda from Nielzer and Rita Sudré.

Based near São Paulo, Danny is a leading supplier of personal protection equipment throughout Brazil, specialising in the sourcing and sale of gloves and safety glasses for a variety of industrial uses including the automotive, consumer goods, food processing, petrochemical and mining sectors.  Revenue in the year ended 31 December 2010 was R$55.6 million and is expected to be approximately R$70 million in 2011. The gross assets acquired are estimated to be R$30 million.

Commenting on the acquisition, Michael Roney, Chief Executive of Bunzl, said:

"Danny is our fourth acquisition in the Brazilian market since 2008 and follows the recent acquisition of Ideal in the cleaning and hygiene sector.  It will complement our growing and successful personal protection equipment business and in particular will expand our range of own brand products to both new and existing customers.  We are delighted to welcome all of their employees to the Group".

Enquiries:

Bunzl plc Michael Roney, Chief Executive Brian May, Finance Director Tel: [phone]

Tulchan David Allchurch Stephen Malthouse Tel: [phone]

 

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