Bunzl Acquires New Zealand Health Care Distributor

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Bunzl Acquires New Zealand Health Care Distributor

The international distribution and services group said it has added Obex Medical Holdings to its portfolio.
Bunzl 2021 revenues

Bunzl PLC on Tuesday announced that it has acquired Obex Medical Holdings, a medical distribution business serving hospitals and other health care providers in New Zealand. Financial terms of the deal weren’t disclosed.

Headquartered in Auckland, Obex reported 2020 revenue NZD 51 million (US$36.9 million). The acquisition should be complete by June.

“I am pleased to be able to announce our fourth acquisition of 2021,” said Frank van Zanten, CEO of Bunzl. “Obex Medical Holdings is a strong business with an experienced management team that will complement and enhance Bunzl’s healthcare capabilities in Australasia. The group’s acquisition pipeline remains active and a number of discussions are ongoing.”

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