Acquisition

RNS Number : 0328G

Bunzl PLC

24 May 2017

 

24 May 2017

BUNZL COMPLETES ACQUISITION OF DDS

Bunzl plc, the international distribution and outsourcing Group, today announces that the acquisition of Diversified Distribution Systems, LLC (DDS), that was announced on 1 March 2017, has been completed following clearance of the transaction by the Federal Trade Commission in the US.

DDS is a distributor of goods not-for-resale and value-added services to retailers and other general distribution customers, principally throughout North America but also in Europe, the Middle East and Asia.  Based in Minneapolis and with four distribution centres in the US and several third party logistic arrangements internationally, the business supplies a wide range of packaging, consumables and operating store supplies through a variety of distribution and outsourcing programmes.  Revenue in 2016 was US$312 million.

Enquiries:

Bunzl plc Frank van Zanten, Chief Executive Brian May, Finance Director Tel: [phone]

Tulchan David Allchurch Stephen Malthouse Tel: [phone]

 

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