Acquisition

RNS Number : 2186X

Bunzl PLC

09 January 2014

 



9 January 2014

BUNZL COMPLETES THREE FURTHER ACQUISITIONS

Bunzl plc, the international distribution and outsourcing Group, today announces that towards the end of 2013 it completed three further acquisitions in the US, Germany and Brazil.

The Company has acquired the business of SAS Safety Corp which is based in California and specialises in the sourcing and sale of a variety of own label personal protection equipment, principally safety gloves, to distributors.  Revenue in the year ended 31 December 2013 is expected to be approximately US$48 million.

Bunzl has also acquired pka Klöcker GmbH in Germany.  Based near Düsseldorf, the business is engaged in the sale of personal protection equipment, principally own label workwear, to distributors.  Revenue in the year ended 31 December 2013 is expected to be approximately €6 million.

Finally the Company has purchased De Santis Distribuição Industrial Ltda in Brazil.  Based near São Paulo, De Santis is principally engaged in the sale of personal protection equipment to end user customers in a number of different market sectors.  Revenue in the year ended 31 December 2013 is expected to be approximately R$18 million.

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

"Together these acquisitions represent a further investment in the safety sector in three different business areas. 

The purchase of SAS Safety is an important development for Bunzl as it is a significant and strategic addition to our safety business in North America.  The acquisition of pka Klöcker also extends our existing safety operations in Germany following the acquisition of Majestic in 2011, while De Santis is the fifth business which we have acquired in the safety sector in Brazil since the acquisition of Prot Cap in 2008.

We are delighted to welcome all employees of each of the companies to Bunzl.

Including the acquisitions announced today, the Company's total acquisition spend for 2013 is approximately £290 million."

Enquiries:

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

Tulchan David Allchurch Stephen Malthouse Tel: [phone]

 

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