Bunzl Makes Two Acquisitions - Modern Distribution Management

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Bunzl Makes Two Acquisitions

Bunzl expands in Brazil and buys U.S. packaging distributor.
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Bunzl has acquired Cool-Pack LLC, a distributor of plastic and pulp packaging to fruit and vegetable growers in the U.S. Revenue was $51.4 million in the year ended Dec. 31, 2009.

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Bunzl has also acquired A.M. Supply Comércio Representação e Serviços Ltda. Based in Macaé, Brazil, A.M. Supply supplies personal protection equipment to the oil and petrochemical sectors in the state of Rio de Janeiro. Revenue in the year ended Dec. 31, 2009, was R$7.4 million.

The distributor said that the acquisition of A.M. Supply is another step into the "fast-growing Brazilian market." The company will continue to focus on offshore exploration markets.

Bunzl also reported sales grew 2 percent in the first half of 2010 compared with the first half of 2009.

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