Bunzl plc, the international distribution and outsourcing group, announced it has agreed to buy a business in the UK and has completed the acquisition of a business in Australia.
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Bunzl has agreed to acquire Cannon Consumables from OCS Group UK Limited. Operating from four locations, Cannon Consumables supplies cleaning and hygiene consumable products to OCS, as well as to a number of other customers throughout the UK. Revenue for the year ending March 31, 2011, is forecast to be £16 million.
At the beginning of March, Bunzl acquired Omega Hospitality Suppliers Pty Limited. Based in New South Wales, Australia, Omega supplies catering equipment and disposables to contract caterers, hotels and other foodservice customers. Revenue in year ended June 30, 2010, was A$5.4 million.
Michael Roney, Chief Executive of Bunzl, said: "The acquisition of Cannon Consumables is an excellent addition to our cleaning and hygiene supplies business in the UK and will expand our business in this sector. Omega is also a successful business that will allow us to penetrate further into the catering equipment and disposables market in New South Wales and Queensland. We are pleased to welcome both companies to the Group."
