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Bunzl expands into Switzerland
Bunzl announced yesterday that it has acquired MMH Holding AG and its subsidiaries from Markus Meier, Daniel Meier and Reto Hofmann.
The business, which trades under the name Distrimondo, is based near Zurich and is principally engaged in the distribution of foodservice disposables and cleaning and hygiene products throughout Switzerland. Revenue in the year ended 31st December 2011 was CHF17.3 million and the gross assets acquired are estimated to be CHF16 million.
"The acquisition of Distrimondo extends our operations in Switzerland, which is a key market that we entered in 2010 with the purchase of Weita. The business has a strong customer base and a leading position in the sectors in which it competes. We are pleased to welcome its employees to Bunzl."
T: 020 7725 5000
5th July 2012