Today, Bunzl plc is delighted to announce the acquisition of three new businesses, and that we have entered into an agreement to acquire a fourth.
Joining the Bunzl Group are:
- Grupo Corsul, a leading distributor of PPE based in the South of Brazil*
- Containit Solutions, a warehouse storage solutions provider in Australia
- AFL Groep, a distributor of logistics and warehouse related supplies in the Benelux
- London Catering & Hygiene Solutions Limited, a distributor of catering supplies and cleaning and hygiene products in the UK.
Please join us in giving a warm welcome to our new colleagues from around the world!
Bunzl’s, Chief Executive Officer, Frank van Zanten, said of the acquisitions:
“I am delighted to be welcoming these four businesses to the Bunzl family. Our acquisition of Containit allows us to expand into an attractive adjacent market, whilst the acquisition of Corsul will allow Bunzl to develop its operations in the Southern Brazilian PPE market. AFL drives our continued expansion into the attractive logistics sectors in Benelux and, at the same time, increases our digital footprint. Furthermore, the acquisition of LCHS supports our UK business by growing our presence in the South of the UK.
In total we have announced six acquisitions year-to-date, with a total committed acquisition spend of more than £220 million. The Group’s strong balance sheet continues to support our compounding growth strategy, with our acquisition pipeline remaining active.”
*Acquisition expected to complete later this year
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