Bunzl Sales Up 5% in 2012 - Modern Distribution Management

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Bunzl Sales Up 5% in 2012

Bunzl acquired more than US$500 million in revenue in 2012.

UK-based distribution and outsourcing group Bunzl plc has reported sales for the year ended Dec. 31, 2012, of £5.4 billion (US$8.2 billion), up 5 percent.

“While the macroeconomic outlook remains challenging, particularly in Europe, we believe that our strong market position, growing and resilient customer base and the promising pipeline of opportunities for additional market consolidation will provide the Group with a good platform for future growth,” said Michael Roney, chief executive.

Operating profit for the year was £293.8 million (US$443.9 million).

Bunzl reported £272 million (US$410 million) of acquisition spend in 2012, adding annualized revenue of more than £500 million (US$755 million). Bunzl expanded significantly in South America during the year, with entry into four new countries.

With its annual results, the distributor also announced the acquisition of Australia-based McNeil Surgical Pty Ltd and its associated companies. The distributor sells healthcare consumables and equipment to aged-care facilities, hospitals and medical centers, as well as to redistributors, primarily in South Australia. Revenue for the acquired company was A$16 million (US$16.5 million) in the year ended June 30, 2012.

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