Bunzl Expands in Switzerland

Acquisition of $66M Weita expands Bunzl's reach into new sectors.
Bunzl plc has acquired Swiss distributor Weita Holding AG and its subsidiaries. Weita, which is based near Basel and operates from three locations, is a supplier of cleaning and hygiene, foodservice, retail, healthcare and safety consumable products to both end users and redistributors throughout Switzerland. Revenue in the year ended Dec. 31, 2009, was CHF70.9 million (US$66.73 million).
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Michael Roney, chief executive of Bunzl, said: "This is an important acquisition and an exciting development which extends our operations into the cleaning and safety, foodservice and healthcare sectors in Switzerland and significantly increases the size of our existing retail supplies business there.
"Weita has a strong position in its markets, has a reputation for excellent customer service and will provide a base to develop further our business in Switzerland."

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