RNS Number : 8822G
04 July 2012
4 July 2012
BUNZL EXPANDS IN SWITZERLAND
Bunzl plc, the international distribution and outsourcing Group, today announces that it has acquired MMH Holding AG and its subsidiaries from Markus Meier, Daniel Meier and Reto Hofmann.
The business, which trades under the name Distrimondo, is based near Zurich and is principally engaged in the distribution of foodservice disposables and cleaning and hygiene products throughout Switzerland. Revenue in the year ended 31 December 2011 was CHF17.3 million and the gross assets acquired are estimated to be CHF16 million.
Commenting on the acquisition, Michael Roney, Chief Executive of Bunzl, said:
"The acquisition of Distrimondo extends our operations in Switzerland which is a key market that we entered in 2010 with the purchase of Weita. The business has a strong customer base and a leading position in the sectors in which it competes. We are pleased to welcome their employees to Bunzl."
Michael Roney, Chief Executive
Brian May, Finance Director
Tel: 020 7725 5000
Tel: 020 7353 4200
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