5th May 2016 06:28
LONDON (Alliance News) - Distribution and outsourcing group Bunzl PLC on Thursday said it has agreed the acquisition of two businesses in Germany.
The FTSE 100-listed group, which makes a large number of bolt-on acquisitions every year to boost growth, said it has agreed to acquire Mo Ha Ge Mommsen Handelsgesellschaft mbH and Inkozell Zellstff-Vertrieb GmbH, two Berlin-based businesses.
The two companies sell healthcare-related consumables, mainly incontinence products, Bunzl said.
The pair made combined revenue of EUR22.0 million in the year to the end of December 2015. No financial details on the acquisitions were disclosed.
"The purchase of Mo Ha Ge and Inkozell is an important development for Bunzl as they both expand the group's healthcare-related operations in Germany, being a sector that we entered there in 2014 with the acquisition of Baumer," said Bunzl Chief Executive Frank van Zanten.
By Sam Unsted; [email protected]; @SamUAtAlliance
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