Bunzl makes acquisitions on both sides of Atlantic
International distribution and outsourcing group Bunzl announced on Tuesday that it has acquired two further businesses in the UK and the US.
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The FTSE 100 company said Woodway, purchased at the end of December, is a leading supplier of both packaging products and solutions to a variety of end user customers in a number of market sectors throughout the UK.
Based in Northampton, the business specialises in supporting the e-commerce activities of customers operating in the retail supplies sector.
Revenue in the year to 30 June 2016 was £31m.
In January, Bunzl acquired the business of Packaging Film Sales, it confirmed.
Based in Denver, Colorado, PFS is principally engaged in the sale of food packaging products, including flexible barrier films and specialty bags and pouches, to food processors.
Revenue in the year ended 31 December 2015 was $6m.
The company also confirmed that at the beginning of January it completed the acquisition of Sæbe Compagniet, that was announced on 22 November, following clearance of the transaction by the Danish competition authority.
“In addition to supplying high quality packaging products, Woodway provides bespoke value-added services to its customers through a specialist technical services team who are able to work in collaboration with customers to offer a total solution for their packaging needs,” said Bunzl chief executive Frank van Zanten.
“This expertise will be invaluable as we look to expand and develop our retail supplies business in the UK.”
“The purchase of PFS complements our food processor business in the US by further enhancing our product offering, particularly in relation to barrier films.”