Bunzl plc, the international distribution and outsourcing group, has agreed to acquire Diversified Distribution Systems LLC , Minneapolis, MN. Terms were not disclosed.
DDS is a supply chain solutions company that operates principally throughout North America but also in Europe, the Middle East and Asia.
"The proposed purchase of DDS will expand and extend our outsourcing business globally, particularly in relation to the retail sector,” said Frank van Zanten, CEO of Bunzl. “The transaction will improve our operating platform and, by combining our resources with those of DDS, we will be able to provide benefits to customers through an enhanced service offering."