17th Mar 2014 07:55
LONDON (Alliance News) - Bunzl PLC said Monday it has acquired Lamedid Comercial e Servicos Ltda in Brazil.
The distribution and outsourcing firm said the acquisition will help it expand its footprint in the Brazilian healthcare market. Lamedid is principally engaged in the supply and distribution throughout Brazil of own label medical and healthcare consumable products to hospitals, clinics and laboratories as well as to distributors.
For the last full-year to December 31, 2013, Lamedid recorded revenue of GBP12 million.
"The purchase of Lamedid has significantly increased the size of our healthcare business in Brazil, having entered the healthcare sector there with the acquisition of Labor Import last year. The two businesses complement each other and together will enable us to extend our product offering in this important market," said Michael Roney, Chief Executive of Bunzl.
Shares in Bunzl last traded at 1,565 pence per share.
By Alice Attwood; [email protected]; @AliceAtAlliance
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