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Master distributor Bunzl plc has completed three acquisitions in Spain, the UK and Australia.
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The company has acquired King Espana Complementos SL. Operating from three facilities in Barcelona, Madrid and Valencia, King Espana is a distributor of foodservice disposables and cleaning and hygiene supplies to the catering and cleaning sectors throughout Spain. Revenue in the year ended Dec. 31, 2010, was €29 million and the gross assets acquired are estimated to be €13 million.
The company has also acquired the SIG Safety and Workwear business in the UK. Based in Wednesbury in the West Midlands, SIG Safety and Workwear is a distributor of personal protection equipment and workwear to a variety of market sectors throughout the UK. Revenue in the year ended Dec. 31, 2010, was £22 million and the gross assets acquired are estimated to be £8 million.
Finally, Bunzl has purchased the Hospitality Depot business in Australia. Hospitality Depot is engaged in the distribution of catering equipment and supplies to hotels, restaurants and caterers as well as to aged care facilities and education establishments in New South Wales, Australia. Revenue for the year ending June 30, 2011, is forecast to be A$21 million and the gross assets acquired are estimated to be A$6 million.