Bunzl PLC Acquisition (2711J)
August 15 2023 - 1:00AM
UK Regulatory
TIDMBNZL
RNS Number : 2711J
Bunzl PLC
15 August 2023
15 August 2023
BUNZL ANNOUNCES ACQUISITIONS IN SPAIN, BRAZIL, THE NETHERLANDS
AND CANADA
Bunzl plc, the specialist international distribution and
services Group, today announces that it has acquired three
businesses and signed an agreement to acquire a further business
across a range of sectors in Spain, Brazil, the Netherlands and
Canada.
In June, Bunzl acquired La Cartuja Complementos Hostelería, a
distributor of foodservice and hospitality equipment in Spain. This
business, which expands our product offering in these sectors,
generated revenue of EUR 5 million (c.GBP4 million) in 2022.
In July, Bunzl signed an agreement to acquire Grupo Lanlimp, a
market leading distributor of cleaning and hygiene products in
Brazil. The business generated revenue of BRL 210 million (c.GBP33
million) in 2022 and strengthens our position in this fragmented
market. Completion of the acquisition is subject to competition
authority clearance.
In August, Bunzl acquired Groveko, a distributor of cleaning and
hygiene products based in the Netherlands. The business generated
EUR 23 million (c.GBP20 million) of revenue in 2022. As well as its
traditional product offering, the business is the market leading
provider of robotic and smart cleaning solutions in Benelux,
developing our offering in this growing product category.
In August, Bunzl acquired PackPro, a provider of packaging
solutions to a diverse customer base, including food processor and
industrial customers in Canada. The business is complementary to
our existing businesses and increases our geographic coverage for
industrial customers in Canada. In 2022 the business generated
revenue of CAD 33 million (c.GBP20 million).
Finally, further to the announcement on 30 May 2023, the Company
also confirms that it has now completed the acquisition of Leal
Equipamentos de Proteção, a specialised safety distributor in
Brazil with a strong own brand portfolio and revenue of BRL 216
million (c.GBP34 million) in 2022.
Commenting on today's announcement, Frank van Zanten, Chief
Executive Officer of Bunzl, said:
"I am delighted to welcome these new acquisitions to the Bunzl
family. It is very exciting to see the broad range of sectors and
end markets represented. This truly demonstrates the great breadth
of opportunities that we have around the world for continued
acquisition growth through consolidation of our fragmented markets
and geographic expansion. Our pipeline remains active and the
strength of our balance sheet supports our ability to continue
investing in the significant opportunities that we see."
Enquiries:
Bunzl plc Teneo
Frank van Zanten, Chief Executive Martin Robinson
Officer Olivia Peters
Richard Howes, Chief Financial Tel: +44 (0)20 7353 4200
Officer
Sunita Entwisle, Head of Investor
Relations
Tel: +44 (0)20 7725 5000
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END
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