Acquisition

RNS Number : 5237F

Bunzl PLC

23 February 2015

 



23 February 2015

BUNZL MAKES FURTHER ACQUISITIONS IN SPAIN AND CANADA

Bunzl plc, the international distribution and outsourcing Group, today announces that it has completed the acquisition of two further businesses in Spain and Canada.

The Company has acquired Quirumed, S.L. in Spain.  Based in Valencia, Quirumed is principally engaged in the supply of healthcare related products and equipment to an international customer base consisting of medical centres, doctors' surgeries and other end users throughout Spain and in other countries in Europe.  Revenue in the year ended 31 December 2014 was €18 million.

Bunzl has also purchased Jan-Mar Sales Limited in Canada.  Based in Toronto, Jan-Mar is principally engaged in the sale of cleaning and hygiene supplies to distributors in the region.  Revenue in the year ended 31 January 2015 was C$12 million.

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

"The acquisition of Quirumed is an important development for Bunzl as it takes us into the healthcare sector in Spain for the first time, having previously acquired businesses there in the cleaning and hygiene, safety and foodservice sectors.  The purchase of Jan-Mar complements our existing cleaning and hygiene business in Canada and strengthens our position in the Toronto region.

We are pleased to welcome the employees of both businesses 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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