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Bunzl acquires further businesses in Mexico
Bunzl announced recently that it has entered into an agreement to purchase a business in Mexico. Based in Monterrey, Espomega is a leading redistribution business supplying a variety of safety products, including gloves and protective clothing, throughout Mexico. Revenue in the year ending 31 December 2013 is expected to be approximately MXN550 million (c. £28 million).
Completion of the acquisition of Espomega was due to take place at the end of August.
Commenting on the acquisition, Michael Roney said:
"The acquisition of Espomega will expand significantly our safety business in Mexico being a sector we entered there with the purchase of Vicsa Safety at the end of last year. The business has an excellent range of own brand products which will extend our product offering to our customers throughout the region. We are delighted to welcome the employees to Bunzl."
T: 0207 725 5000
12th September 2013