Bunzl plc reported sales for the year ended Dec. 31, 2011, of £5.2 billion (US$8.2 billion), up 4 percent on an organic basis. Bunzl is a redistributor of non-food consumable products; main customer markets are grocery, foodservice, cleaning and safety, non-food retail and healthcare.
Deliver Distribution News to Your Inbox
Sign up below to receive
MDM Update, your free weekly distribution news update by email.
Commenting on the results, Michael Roney, Chief Executive of Bunzl, said:
“A combination of strong organic growth, good performance from the acquisitions made in 2010 and increased acquisition spend during 2011 all contributed to another successful year. Looking ahead, even though the outlook for economic growth remains uncertain, we believe that our resilient business model, strong market position and promising acquisition pipeline will continue to provide further opportunities for the growth and development of the Group.”
Bunzl also announced that it has acquired the business of CDW Merchants Inc., Chicago, IL, which sells retail gift packaging and visual merchandising solutions and products to specialty retail and online retailing sectors in the U.S.
Revenue in the year ended Dec. 31, 2011, was $11.9 million.
Roney said: “CDW Merchants complements our existing non-food retail supplies business in North America and extends our customer base, particularly in the specialty and online retail sector.”
Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.
Download the Top 40 Industrial Distributor List Free
Get the Top 40 Industrial Distributors list in PDF, and you will be signed up below to receive MDM Update, your free daily distribution news update by email.