Bunzl Acquires 2 U.K. Companies

International distribution and services group Bunzl plc says it has acquired two companies based in the U.K.: Workwear Express and Hydropac.
Bunzl Acquires two U.K. companies

International distribution and services group Bunzl plc acquired two companies based in the U.K.

Bunzl acquired Workwear Express, based in Durham, U.K., a leading business in personalized workwear and promotional clothing with a strong e-commerce focus.

Workwear Express serves a “broad range of customers” and in the year to March 2021 generated £29 million of revenue.

Bunzl completed the acquisition of Workwear Express at the end of October.

Bunzl also completed its acquisition of Hydropac, a distributor of insulated packaging solutions based in Buckinghamshire, U.K.

The business, which is complementary to Bunzl’s Coolpack business in the Netherlands, generated £7 million of revenue in 2020 and is focused on the growing online food delivery market, Bunzl said.

Financial details of the acquisitions were not disclosed.

“Today’s announcement further highlights the continued success of our compounding strategy,” Bunzl CEO Frank van Zanten said. “The acquisitions of Workwear Express and Hydropac represent our 12th and 13th acquisitions this year, with our committed spend year to date higher than our spend in 2020, making it another successful year and one of the most acquisitive years in our history. The acquisitions demonstrate the opportunities for growth in digital channels, with Workwear Express a strong online driven business and Hydropac a specialist in packaging products that support online focused customers.”

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