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Bunzl Announces Acquisitions in Czech Republic, Germany

Bunzl plc, an international distribution and outsourcing group, reported full year sales for 2013 of £6.1 billion (US$10.2 billion), an increase of 14 percent from 2012. Profit increased 8 percent to £206.8 million (US$344.3 million) from the previous year.

"Organic growth, as we continued to gain additional business with existing customers combined with new customer wins, was bolstered further by acquisition activity with 11 acquisitions during the year," said Michael Roney, CEO of Bunzl. "We have announced two acquisitions today in Germany and the Czech Republic and we expect to complete further acquisitions in the coming months.”

Bunzl's acquisition in Germany was Bäumer Betriebshygiene Vertriebsgesellschaft mbH and its related company Protemo GmbH. Bäumer is principally engaged in the distribution of cleaning and hygiene and healthcare supplies to end users in various market sectors while Protemo focuses on the sale of healthcare related products to the healthcare sector. The revenue of both businesses in 2013 was €11.9 million (US$16.3 million).

Bunzl's Czech Republic acquisition was Oskar Plast sro, a distributor of disposable packaging products to customers throughout the Czech Republic including retail chains, food processors and other distributors. Oskar Plast's revenue in 2013 was CZK284 million (US$14.3 million).

“The acquisition of Bäumer and Protemo represents our first step into the cleaning and hygiene and healthcare sectors in Germany and should provide a good base for us to develop further in these markets," said Roney. "Oskar Plast is an important addition to our existing operations in the Czech Republic and will strengthen our presence there.”

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