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Bunzl Sales Up 5% in 1Q

Bunzl plc, the international distribution and outsourcing group, reported revenue in the first quarter has increased 5 percent compared to the same period last year. Underlying revenue growth is at a similar level to the comparable period in 2013. Results at actual exchange rates have been negatively affected by foreign exchange translation.

Bunzl has also announced three acquisitions this year with the purchase of Tecno Boga SA, Plast Techs Enterprises Inc., and Nelson Packaging Supplies Limited. Based in Chile, the U.S., and New Zealand respectively, Michael Roney, chief executive of Bonzul, said “Acquisition activity has continued at a good pace during the first quarter of the year with six acquisitions completed for a total committed spend of £80 million.” 

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