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Bunzl to acquire Planet Clean Canada
Planet Clean Canada, which is based in Vancouver, British Colombia and operates throughout Western Canada, is to be acquired by Bunzl.
Planet Clean is principally engaged in the sale and distribution of cleaning and hygiene supplies and equipment to a variety of customer markets including the healthcare, hospitality, food processing, government, buildings maintenance and industrial sectors. Revenue in 2014 was C$25.6 million.
Commenting on the acquisition, which was announced yesterday, Michael Roney, Chief Executive of Bunzl, said:
"The purchase of Planet Clean is another exciting development for our business in Canada. It is the sixth acquisition that we have made in the Canadian cleaning and hygiene sector since November 2013 as we have continued to build a national business in this important market. We are pleased to welcome the employees to the Group."
Growth through acquisitions is an important part of Bunzl's ongoing strategy. With an active acquisition pipeline and ongoing discussions taking place, the company expects to complete a number of additional acquisitions during the rest of the year.
The purchase of Meier Verpackungen in Austria, which was announced on this August, has recently been completed following clearance of the transaction by the Austrian competition authority.
T: 0207 725 5000
22nd October 2015