The London-based distributor of foodservice and packaging products announced it has made acquisitions in Germany and Canada.
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The specialist international distributor says 2021 revenues increased 7.1% over 2020 when considering growth at constant exchange.
November continued an upward trend in mergers and acquisitions seen during the prior month, as well as during this year’s third quarter.
International distribution and services group Bunzl plc says it has acquired two companies based in the U.K.: Workwear Express and Hydropac.
The company has added to its portfolio McCue Corp., a Boston-based safety business and a medical supplies distributor with operations in Australia and Singapore.
The international distribution and services group said it has added Obex Medical Holdings to its portfolio.
Bunzl closes on additions of Deliver Net, Disposable Discounter and Pinnacle.
COVID-19 product sales and acquisitions boosted Bunzl's revenue in 2020, but a slowdown in pandemic-related sales will stunt growth in 2021.
The CEO of Bunzl, which also completed the previously announced acquisition of Denmark-based PPE distributor ICM, said the company’s “acquisition pipeline remains promising.”
M&A volume hasn’t completely returned to pre-COVID volume, but last month saw decent activity and some multibillion-dollar deals, including two in building materials & construction and one involving a distribution ERP provider.
Bunzl, which also announced two acquisitions on Monday, showed sales growth in the January to June period despite challenges related to COVID-19.
Bunzl, the London-based international distribution and outsourcing group, said it had agreed to acquire the Memphis-based safety distributor MCR Safety and Dublin-based packaging distributor Abco Kovex.
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Group revenue increased 10 percent at constant exchange rates.
The company has also announced the sale of OPM.
Purchase of Lightning Packaging adds to company's record year for acquisition.
Company also completes previously announced acquisition of Hedis.
Company also reports sales up 20 percent in first half of 2017.
Company also acquires Pixel Inspiration.
