Bunzl Plc expands through acquisitions in Spain and the Netherlands

Bunzl limited liability company (LON:BNZL), an international distribution and services group, has announced the acquisition of two businesses.

In June, Bunzl completed the acquisition of Sistemas De Embalaje Anper, a distributor of industrial packaging to end users in Spain. This business, which expands our product offering and geographic reach, generated €28m (£24m) in revenue in 2023.

In addition, Bunzl completed the acquisition of Holland Packaging. Holland Packaging is a Netherlands-based distributor of customised and tailored packaging products and consumables to e-commerce-focused businesses. The company generated €16m (£14m) in revenue in 2023.

We are also pleased that the Group has completed the previously announced acquisition of RCL Implantes, a distributor specializing in medical and surgical equipment in Brazil.

Commenting on today’s announcement, Frank van Zanten, CEO of Bunzl, said:

“Today’s announcement underscores the strength of Bunzl’s ongoing consolidation. The announced acquisitions are highly complementary to our existing businesses, expand our product offering in Spain and the Netherlands and are high-margin. I would like to warmly welcome the teams from the newly acquired businesses to the Bunzl family. Our pipeline remains active and the strength of our balance sheet supports our ability to continue to self-finance value-adding acquisitions along with other capital allocation options.”