Cleanzine: your weekly cleaning and hygiene industry newsletter 23rd March 2023 Issue no. 1057
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Bunzl's pre-close statement reveals two further industry acquisitions
In its pre-close statement issued today, in which it recorded, 'Good overall growth against continuing pandemic-related challenges,' Bunzl announced that it has completed the acquisition of two more businesses - one in the UK and the other in Australia.
The first, Comax, is a distributor to the leisure, janitorial, care home and foodservice sectors in the UK, supplying an array of cleaning & hygiene products, as well as catering and kitchen supplies. The company generated revenue of £14 million in 2020.
The second, Harvey Distributors, is a cleaning & hygiene distributor in Australia with customers in the healthcare, education, foodservice and facilities management sectors. Harvey Distributors generated revenue in 2020 of AUD 7 million (c.£4 million).
Commenting on the acquisitions, Frank van Zanten, chief executive officer of Bunzl, said:
"Growth through acquisitions is an important part of the ongoing strategy for Bunzl and I am pleased to welcome both Comax and Harvey Distributors to the Bunzl family. Both businesses strengthen the Group's cleaning & hygiene operations, an area we expect will be supported by enhanced hygiene trends.
"Inclusive of these acquisitions the Group has now acquired six businesses since the start of the year with a total committed spend of £114 million. The pipeline for acquisitions remains active, with discussions ongoing."
24th June 2021