Bunzl PLC Acquisition (2712X)
November 23 2017 - 2:00AM
UK Regulatory
TIDMBNZL
RNS Number : 2712X
Bunzl PLC
23 November 2017
23 November 2017
BUNZL COMPLETES ACQUISTION IN FRANCE AND ANNOUNCES FURTHER
EXPANSION IN AUSTRALIA AND BRAZIL
Bunzl plc, the international distribution and outsourcing Group,
today announces that the acquisition of Hedis, Comptoir de Bretagne
and Générale Collectivités, that was announced on 20 July 2017, has
been completed following clearance of the transaction by the French
Competition Authority.
The Company has also recently acquired Interpath in Australia
and entered into an agreement to acquire Talge in Brazil.
Interpath, which is based in Melbourne, is principally engaged
in the distribution of a variety of laboratory and healthcare
related consumable products to the pathology, medical research and
life science end user markets in Australia. Customers include
public and private hospitals and other pathology and research
laboratories. Revenue in the year ended June 2017 was A$22 million
(c.GBP13 million).
Talge, which is based in Santa Catarina, is principally engaged
in the sale of a variety of foodservice related products, mainly to
redistributors in the southeast region of Brazil. Revenue in the
year ended December 2016 was R$83 million (c.GBP20 million).
Completion of the acquisition is subject to clearance of the
transaction by the Brazilian competition authority.
Commenting on the acquisitions, Frank van Zanten, Chief
Executive of Bunzl said:
"I am delighted that we have now completed the purchase of
Hedis, Comptoir de Bretagne and Générale Collectivités. Together
these businesses further expand our existing cleaning & hygiene
operations in France and extend our business there into the
catering equipment sector for the first time.
The acquisition of Interpath has enhanced our healthcare
business in Australia and extended our product offering into the
pathology, medical research and life science markets there, while
the proposed purchase of Talge will expand our operations into the
foodservice sector in Brazil."
Enquiries:
Bunzl plc Tulchan
Frank van Zanten, Chief David Allchurch
Executive Martin Robinson
Brian May, Finance Director Tel: 020 7353 4200
Tel: 020 7725 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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