Bunzl acquisition spree continues with two new deals
Bunzl
3,312.00p
17:15 27/12/24
0.24%
8.00p
Specialist international distribution and services group Bunzl said it made two further acquisitions, taking the number of deals for the year to 13.
FTSE 100
8,149.78
16:54 27/12/24
n/a
n/a
FTSE 350
4,495.62
16:29 27/12/24
n/a
n/a
FTSE All-Share
4,453.14
17:05 27/12/24
n/a
n/a
General Industrials
7,467.12
16:29 27/12/24
0.00%
7,467.12
The company said it had bought personalised workwear and promotional clothing firm Workwear Express, based in Durham and Hydropac, a distributor of insulated packaging solutions based in Buckinghamshire.
No financial details were disclosed.
Workwear Express has a strong e-commerce focus, Bunzl said, adding that it generated £29m in revenue in the year to March.
Hydropac, which focuses on the online food delivery market, is complementary to Bunzl's Coolpack business in the Netherlands, and made revenue of £7m in 2020.