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Bunzl acquires further business in Brazil
Bunzl, the international distribution and outsourcing group, has this week announced that it has acquired Danny Comercio Importacao Exportacao from Nielzer and Rita Sudre.
Based near Sao Paulo, Danny is a leading supplier of personal protection equipment throughout Brazil, specialising in the sourcing and sale of gloves and safety glasses for a variety of industrial uses including the automotive, consumer goods, food processing, petrochemical and mining sectors. Revenue in the year ended 31 December 2010 was R$55.6 million and is expected to be approximately R$70 million in 2011. The gross assets acquired are estimated to be R$30 million.
"Danny is our fourth acquisition in the Brazilian market since 2008 and follows the recent acquisition of Ideal in the cleaning and hygiene sector," explains Michael Roney, Chief Executive of Bunzl.
"It will complement our growing and successful personal protection equipment business and in particular will expand our range of own brand products to both new and existing customers. We are delighted to welcome all of the organisation's employees to the Group."
T: 020 7725 5000
10th November 2011