The 2020 Mid-Year Economic Update_long

Bunzl Acquires Companies in the US and UK

The company has also announced the sale of OPM.

Bunzl plc, the international distribution and outsourcing group, has acquired two businesses in the U.S. and the UK and the proposed sale of a business in France. Terms were not disclosed.

The company has acquired Revco, a California-based company engaged in the design, development and distribution of workplace safety and personal protection equipment to redistributors selling into a variety of end user markets, principally the welding and industrial sectors, throughout the US. Revenue in the year ended December 2017 is expected to be US$37 million.

Bunzl has completed the acquisition of Aggora Group, which is principally engaged in the design, supply, installation and maintenance of commercial catering equipment for end user customers throughout the UK. The acquisition was announced in December. Revenue in the year ended March 2017 was £27 million (US$36.6 million).

Bunzl has also announced that it received a binding offer relating to the proposed sale of OPM in France. OPM was originally acquired as part of Groupe Pierre Le Goff which was purchased in 2004. Revenue in the year ended December 2017 was €57 million (US$68.7 million). The transaction is expected to complete in the first quarter of 2018.

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