Bunzl makes acquisition in China
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”.
|Frank van Zanten, Chief Executive
|Brian May, Finance Director
|Tel: +44 (0)20 7725 5000
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