Regulatory Story
Go to market news section View chart   Print
RNS
Bunzl PLC  -  BNZL   

Acquisition

Released 07:00 01-May-2013

RNS Number : 5744D
Bunzl PLC
01 May 2013
 



1 May 2013

 

 

FURTHER ACQUISITION IN AUSTRALIA

 

Bunzl plc, the distribution and outsourcing Group, today announces that it has purchased three businesses which form part of the Industrial & Safety division of Jeminex Limited in Australia.

 

Based in Sydney, the businesses acquired operate from locations throughout Australia and focus on three specialist markets.  The workwear and personal safety business distributes an extensive range of specialist personal protection equipment, industrial clothing and workwear to the mining, resources, construction and general industrial sectors.  The lifting, rigging and height safety business is principally engaged in the supply of lifting chains and ropes, slings and fittings and rigging accessories and transport and load restraints as well as the provision of accredited testing and repair services.  The third business is involved in the supply of industrial packaging products to a variety of customers in different market sectors.  Revenue of the businesses acquired in the year ended 31 December 2013 is expected to be approximately A$160 million.

 

Commenting on the acquisition, Michael Roney, Chief Executive of Bunzl, said:

 

"The acquisition of the Jeminex businesses significantly increases the size of our business in Australasia and extends our operations there into the safety market which is a successful sector for us in many countries.  It also provides us with the opportunity to sell our extensive product range to Jeminex's existing customer base.  We are delighted to welcome the employees of each of the businesses to Bunzl".

 

 

 

Enquiries:

 

Bunzl plc

Michael Roney, Chief Executive

Brian May, Finance Director

Tel: 020 7725 5000

Tulchan

David Allchurch

Stephen Malthouse

Tel: 020 7353 4200

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQIMMPTMBMJMAJ
Close


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


Acquisition - RNS