The 2020 Mid-Year Economic Update_long

Bunzl Makes Acquisitions in Canada, Spain

Bunzl sales increase 1 percent in 2014.

Bunzl plc, the international distribution and outsourcing group, has reported sales for the year ended Dec. 31, 2014, of £6.2 billion (US$7 billion), up 1 percent from the previous year. Profit increased 1.9 percent to £210.7 million (US$239.2 million).

“We are announcing two acquisitions today and with a promising pipeline we expect to complete further transactions as the year progresses,” said Michael Roney, CEO of Bunzl. “This acquisition activity, together with the ongoing development of the underlying business, should lead to further growth in 2015.”

The company has acquired Quirumed, S.L. based in Valencia, Spain and Jan-Mar Sales Ltd. based in Toronto, Canada.

Quirumed is a supplier of healthcare related products and equipment to medical centers, doctors’ surgeries and other end users throughout Spain and other European countries. Revenue for the year ended Dec. 31 was €18 million (US$20.4 million).

Jan-Mar is principally engaged in the sale of cleaning and hygiene supplies to distributors in the region.  Revenue for the year ended Jan. 31 was C$12 million (US$9.55 million).

“The acquisition of Quirumed is an important development for Bunzl as it takes us into the healthcare sector in Spain for the first time, having previously acquired businesses there in the cleaning and hygiene, safety and foodservice sectors,” said Roney. “The purchase of Jan-Mar complements our existing cleaning and hygiene business in Canada and strengthens our position in the Toronto region."

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