Bunzl plc, the international distribution and outsourcing Group, today announces that it has completed an acquisition in China.
Based in Shanghai with operations in four other provinces in eastern China, HSESF and its associated companies are principally engaged in the sale of a variety of personal protection equipment to local distributors and end users but also export products to customers overseas. The aggregate revenue of the businesses acquired was £24 million in 2016.
Commenting on the acquisition, Frank van Zanten, Chief Executive of Bunzl said:
'I am delighted to be able to announce the purchase of HSESF, our first acquisition in China, and am pleased to welcome their employees to the Group. HSESF, together with LSH, the personal protection equipment distribution business in Singapore that we acquired earlier in the year, have enabled us to establish a presence in the safety sector in the region'.
Enquiries:
Bunzl plc
Frank van Zanten, Chief Executive
Brian May, Finance Director
Tel: +44 (0)20 7725 5000
Tulchan
Martin Robinson
Jessica Reid
Tel: +44 (0)20 7353 4200
Bunzl plc published this content on 29 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 August 2017 06:17:15 UTC.
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Bunzl plc specializes in the distribution of hygiene and safety packages, products, and materials. The group also offers packaging products, restaurant items (cutlery, glassware, kitchen utensils, etc.), cleaning products (soaps, detergents, toilet paper, custodial products, polishes, washing machines, etc.), and personal protection equipment (gloves, masks, clothing, etc.).
Net sales break down by sector into food services (29.8%), grocery stores (26.1%), safety (14.8%), retail (9.6%), hygiene and cleaning (9.3%), healthcare (7%), and other (3.4%).
Net sales are distributed geographically as follows: the United Kingdom and Ireland (12%), Continental Europe (18%), North America (61.2%) and other (8.8%).
BUNZL PLC 
