Bunzl plc Announces Acquisitions In North America And Europe

Bunzl plc announced that it has entered into an agreement to acquire a substantial business based in the Netherlands with operations also in the US and other parts of Europe and has also completed an acquisition in Canada. The Company has entered into an agreement to acquire Majestic Products BV, US Glove Co, Inc., Total Safety Supply Belgium BVBA and Majestic GmbH from Majestic Holding BV, a company owned by Rolf, Vincent and Hugo Kruiniger. Based in the Netherlands, Majestic Products and its associated companies are principally engaged in the supply of personal protection equipment and safety products to customers in the Benelux and the US. Revenue in the year ended December 31, 2010 was EUR62.3 million and the gross assets to be acquired are estimated to be EUR30 million. Completion of the acquisition is subject to clearance from the competition authority in the Netherlands. Bunzl has also acquired Network Paper and Packaging Limited and Marpak Packaging Systems Limited from the families and trusts of Martin Gill and Douglas Solaczek. Trading as Netpak and based in Vancouver, the business is principally engaged in the supply of packaging supplies and equipment to a variety of sectors throughout Canada, including fruit and vegetable growers. Revenue in the year ended June 30, 2011 was CAD12.4 million and the gross assets acquired are estimated to be CAD4 million.