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Bunzl Expands Safety Products Reach with 3 Acquisitions

Redistributor Bunzl plc announced that at the end of 2013 it completed three acquisitions in the U.S., Germany and Brazil.

The company has acquired SAS Safety Corp., which is based in California and specializes in the sourcing and sale of own-label personal protection equipment, principally safety gloves, to distributors. Revenue in the year ended Dec. 31, 2013, is expected to be $48 million.

Bunzl has also acquired pka Klöcker GmbH in Germany. Based near Düsseldorf, the business is engaged in the sale of personal protection equipment, principally own-label workwear, to distributors. Revenue in the year ended Dec. 31, 2013, is expected to be €6 million (US$8.2 million).

Finally the company has purchased De Santis Distribuição Industrial Ltda in Brazil. Based near São Paulo, De Santis is principally engaged in the sale of personal protection equipment to end-user customers in a number of market sectors. Revenue in the year ended Dec. 31, 2013, is expected to be R$18 million (US$7.5 million).

Commenting on the acquisitions, Michael Roney, chief executive of Bunzl, said: "Together these acquisitions represent a further investment in the safety sector in three different business areas. The purchase of SAS Safety is an important development for Bunzl as it is a significant and strategic addition to our safety business in North America. The acquisition of pka Klöcker also extends our existing safety operations in Germany following the acquisition of Majestic in 2011, while De Santis is the fifth business which we have acquired in the safety sector in Brazil since the acquisition of Prot Cap in 2008.”

Including these acquisitions, the company’s total acquisition spend for 2013 is £290 million (US$477.4 million).

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