BUNZL MAKES FURTHER ACQUISITONS IN BRAZIL AND DENMARK
Bunzl plc, the specialist international distribution and services Group, today announces two further acquisitions in Brazil and Denmark.
Medcorp, a distributor of healthcare related products based in Sao Paulo, was acquired at the end of January. It is principally engaged in the supply of a broad range of consumable medical products, particularly those used for dialysis and vascular access. Customers include leading private hospitals and clinics in Sao Paulo and redistributors elsewhere in Brazil. Revenue in the year ended 31 December 2019 was R$57m (c.£11 million).
The Company also announces that it has recently entered into an agreement to purchase ICM, a distributor of personal protection equipment to both end users, including a number operating in the wind energy sector, and redistributors in Denmark. Revenue in the year ended 31 December 2019 was DKK410 million (c.£48 million). Completion of the acquisition, which is subject to clearance of the transaction by the Danish competition authority, is expected to take place at the end of March.
Commenting on the acquisitions, Frank van Zanten, Chief Executive Officer of Bunzl, said:
"The purchase of Medcorp has expanded our existing healthcare business in Brazil and complements and strengthens our product offering in this sector. The proposed acquisition of ICM will broaden our customer base in the important safety sector in Denmark. The acquisition pipeline is promising and a number of discussions with potential targets are ongoing."
Enquiries:
Bunzl plc
Frank van Zanten, Chief Executive Officer Richard Howes, Chief Financial Officer Tel: +44 (0)20 7725 5000
Tulchan
David Allchurch
Martin Robinson
Tel: +44 (0)20 7353 4200
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.comor visit www.rns.com.
END
ACQTBMRTMTMTBJM
Attachments
Original document
Permalink
Disclaimer
Bunzl plc published this content on 24 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2020 07:38:05 UTC
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 
