Bunzl Archives

London, UK-based Bunzl plc, an international distribution and outsourcing group, reported sales for the three months ended March 28, 2009, increased 18% over the same period a year ago.
The positive impact of exchange and acquisitions, new customer wins and additional business gained with existing customers contributed to the increase. Underlying revenue was marginally down due to the impact of deteriorating macroeconomic conditions across international markets, particularly in the UK & …

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April 15, 2009

Companies

Bunzl Acquires Two UK Distributors

Global distributor Bunzl plc has acquired W.K. Thomas and Industrial Supplies from W.K. Thomas & Co Limited, and Industrial Supplies UK Limited.

W.K. Thomas is a distributor in the UK of foodservice products, particularly to customers in the catering and airline sectors. Industrial Supplies is engaged in the distribution of cleaning and hygiene products throughout the East of England. The aggregate revenue of the businesses in the year ended Dec. 31, 2008 was about £35 million.

These businesses complement our existing horeca and cleaning & hygiene operations in the UK. This transaction demonstrates our ability to take advantage of appropriate opportunities as they arise in what is a particularly tough environment in the UK & …

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March 24, 2009

Companies

Bunzl Sales Grow 17% In 2008

Global distributor Bunzl plc reported sales for 2008 were £4.18 billion (US$6.04 billion), an increase of 17% over 2007 sales. Profit improved 9.3% to £142.2 million (US$206.7 million).

Sales in North America increased 12% due to stronger organic growth and a strengthened American dollar in the second half of the year. Acquisitions drove sales in the U.K. and Ireland up 11%. Sales in continental Europe grew 34%.

The Group once again had a successful year in 2008 due to a combination of organic growth, the positive acquisition impact in both new and existing geographies and the benefit of currency translation, Chief Executive Michael Roney said. Bunzl continued to expand its presence in target markets in 2008, including Brazil and …

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February 22, 2009

Companies

Bunzl Pre-Close Statement: Sales Growth in Line with Expectations

Bunzl plc released a pre-close statement today for the year ending Dec. 31, 2008. The distributor reported:

Group revenue growth is consistent with expectations, despite economic conditions, particularly in the UK and the eurozone. The stronger U.S. dollar and euro have had a positive impact on performance.

In North America, Bunzl saw stronger organic growth in the second half, but this growth was partially offset by margin pressure.

In the UK and Ireland, revenue has growth thanks to acquisitions. Integration of 2007 and 2008 acquisitions is going to plan.”

Revenue in Continental Europe has continued to grow thanks to both acquisitions and organic growth.
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December 11, 2008

Companies

Bunzl Sales Increase 15%

U.K.-based Bunzl plc, the international distribution and outsourcing group, reported sales for the third quarter ended Sept. 27, 2008, increased 15% compared to the same period a year ago.

The increase is attributable to organic growth, acquisitions and currency exchange rates. Year-to-date, the company has announced acquisitions with total annualized revenue of £148 million (US$253 …

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October 20, 2008

Companies

Bunzl Sales Up 14% in First Half

Bunzl plc reported sales for the six months ended June 30, 2008, were up 14% to £1,964.2 million (constant currency +10%).

Overall trading was strong despite increasingly difficult economic conditions as the year has progressed, particularly in the UK and the eurozone,” said Anthony Habgood, chairman. “These results again demonstrate Bunzl’s strength across its international markets and its ability to take advantage of growth opportunities.”

Bunzl also announced it has completed two acquisitions in Spain.

The company has recently purchased Marca Protección Laboral SL and Marvel Protección Laboral SL. Marca and Marvel supply personal protection equipment, principally workwear and clothing, to redistributors throughout …

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August 26, 2008

Companies

Bunzl Buys Two Redistributors

Bunzl plc has acquired the business of Tec Products Co. Inc., a private company based in New Jersey. Tec Products is a supplier of jan/san and associated products through redistributors. Revenue in the year ended Dec. 31, 2006, is estimated at $14 million.

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Bunzl has also purchased Westgate Sales Corporation and Westgate Canada Ltd., also based in New Jersey with facilities in Ontario and Alberta, Canada. Westgate supplies personal protection equipment through redistributors in the eastern U.S. and Canada. Revenue in the year ended Dec. 31, 2006, is estimated at US$18 million.

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Tec Products expands our jan/san business in the northeast region of the U.S. while Westgate adds further scale and geographical coverage to our personal …

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February 6, 2007

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