Bunzl PLC

M&A Activity • Feb 24, 2014

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RNS Number : 6875A

Bunzl PLC

24 February 2014

24 February 2014

BUNZL MAKES FURTHER ACQUISITIONS IN GERMANY AND CZECH REPUBLIC

Bunzl plc, the distribution and outsourcing Group, today announces that it has completed the acquisition of further businesses in Germany and the Czech Republic.

The Company has acquired Bäumer Betriebshygiene Vertriebsgesellschaft mbH and its related company Protemo GmbH in Germany.  Based near Düsseldorf, Bäumer is principally engaged in the distribution of cleaning and hygiene and healthcare supplies to end users in various market sectors while Protemo focuses on the sale of healthcare related products to the healthcare sector.  The aggregated revenue of both businesses in the year ended 31 December 2013 was €11.9 million.

Bunzl has also purchased Oskar Plast sro. Based in Prague, the business sells a variety of disposable packaging products to customers throughout the Czech Republic including retail chains, food processors and other distributors.  Revenue in the year ended 31 December 2013 was CZK284 million.

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

"The acquisition of Bäumer and Protemo represents our first step into the cleaning and hygiene and healthcare sectors in Germany and should provide a good base for us to develop further in these markets.  Oskar Plast is an important addition to our existing operations in the Czech Republic and will strengthen our presence there.  We are pleased to welcome all of their employees to the Group."

Enquiries:

Bunzl plc Michael Roney, Chief Executive Brian May, Finance Director Tel: 020 7725 5000	Tulchan David Allchurch Stephen Malthouse Tel: 020 7353 4200

This information is provided by RNS

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