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Latest In Paper Products & Packaging Distribution
Bunzl acquisitions include two packaging distributors in the U.S.
Sealed Air will sell its Diversey Japan unit to The Carlyle Group.
The manufacturer reported a loss of $5.4 million, compared to a year-ago profit of $3.1 million.
Growth in industrial supplies and janitorial/breakroom categories offset by declines in technology and furniture.
Organically, Industrial and Transportation segment sales grew 3.3 percent in the quarter.
North American organic growth for Bunzl was 2%, due to tougher comparisons year-over-year.
Profit fell 4.8 percent to $39.8 million.
3M is moving to five business groups from six, and has announced new leadership roles for its top executives.
Avery Dennison still seeking divestment of its Office and Consumer Products business.
The company reported a loss from discontinued operations.
Acquisition expands Strauss’ presence in Nassau and Suffolk counties.
Strong sales in industrial supplies and janitorial/breakroom categories were partially offset by declines in office products and technology.
Acquisition complements and expands Bunzl’s operations in the Pacific Northwest.
Excluding Diversey, sales increased 1 percent with growth in all businesses and regions.
Shipments for the paper products manufacturer increased 16% in the quarter.
