Acquisition

RNS Number : 2056V

Bunzl PLC

10 January 2013

 



10 January 2013

BUNZL EXPANDS IN BRAZIL

Bunzl plc, the international distribution and outsourcing Group, today announces that it has entered into an agreement to purchase Vicsa Brasil Equipamentos de Proteção Individual Ltda in Brazil.  Completion of the acquisition is subject to clearance from the Brazilian Competition Authority.

The business, which is based in São Paulo, is engaged in the sale of personal protection equipment throughout Brazil.   Revenue in the year ended 31 December 2011 was US$6 million and is expected to be approximately US$10 million in 2012.

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

"Vicsa is our fifth acquisition in Brazil and will complement and expand our position in the personal protection equipment market, which we first entered through the purchase of Prot Cap in 2008, and provide an extended range of own label brand products to both new and existing customers.  We look forward to welcoming their employees to Bunzl."

Enquiries:

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

Tulchan David Allchurch Stephen Malthouse Tel: [phone]

 

END

 

 

ACQBLMFTMBBMBIJ