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Bunzl Completes Three Acquisitions in U.S., Israel and Australia

Redistributor Bunzl plc has completed acquisitions in the U.S., Israel and Australia.

The company has acquired FoodHandler Inc. from Barriersafe Solutions International Inc. Based in Chicago, FoodHandler is a supplier of a variety of disposable gloves and other foodhandling products to the foodservice sector throughout the U.S. Revenue in 2011 was $99.4 million.

Bunzl has also acquired the business of Meichaley Zahav Limited in Israel. Based near Tel Aviv, Zahav is a distributor of packaging supplies to the foodservice sector throughout Israel. Revenue in 2011 was ILS66.3 million.

Finally, the company has purchased the Queensland-based redistribution operations of Star Services International Pty Limited in Australia. Based in Brisbane and Cairns, the business is engaged in the supply of foodservice disposable products to wholesalers and redistributors throughout Queensland. Revenue for the year ending June 30, 2012, is expected to be A$12 million.

Commenting on the acquisitions, Michael Roney, Chief Executive of Bunzl, said:

“FoodHandler has a leading position in the provision of products relating to food safety and an excellent reputation for quality, innovation and customer service. The business will complement our existing foodservice operations and expands our product offering and import programme in this sector.

“Zahav is our second acquisition in Israel which is a market we entered in 2010 with the purchase of Silco. It is an excellent business with a strong customer base and significantly increases the size of our business in the region.

“The acquisition of the Star Services redistribution business is an excellent addition to our existing foodservice supplies operations in Queensland and will allow us to penetrate further into the redistribution sector of this market.”

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