The 2020 Mid-Year Economic Update_long

Bunzl Sales Up 10% in 1Q

Bunzl also announced the acquisition of a UK-based company.

Bunzl plc, the international distribution and outsourcing group, reported revenue in the first quarter has increased 10 percent compared to the same period last year. Underlying revenue growth was 2 percent, with all business areas showing growth and the positive impact from acquisitions.

Bunzl has also announced its third acquisition this year with the purchase of Michael Davies and Associates Ltd. Trading as MDA, the business is based in Blackburn in the UK and is engaged in the procurement and fulfillment of promotional products and marketing point of sale materials for a variety of customers, principally in the food and drinks industries. Revenue in 2012 was £22 million (US$33.6 million).

Michael Roney, chief executive of Bunzl, said the acquisition extends the company’s service offering in the retail and hospitality sectors in the UK.

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