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Bunzl Acquires Businesses in The Netherlands, Brazil, Australia and the UK.

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Vincent

MANews-(C)2009-2022

UK-based distribution and services group Bunzl plc (OTC: BZLFY) has entered into agreements to acquire four businesses, the group said.

On 1 August, the group completed the acquisition of Containit, a fast-growing distributor of warehouse storage solutions to the resources and defence sectors in Australia.

The expansion into warehouse solutions complements Bunzl's existing offering in the Australian safety market, further strengthening our position there. The business generated revenue in 2021 of AUD 17m (c.GBP 9m).

In July, Bunzl entered into an agreement to acquire Corsul Group, a distributor of personal protective equipment to end users in Brazil, with a strong presence in the South of Brazil. In 2021 Corsul generated revenue of BRL 260 m (c.GBP 35m).

Completion of the acquisition is subject to competition authority clearance.

Bunzl completed the acquisition of AFL Groep in...

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