10th Oct 2005 10:05
Bunzl PLC10 October 2005 10 October 2005 BUNZL ACQUIRES RETAIL RESOURCES IN THE US Bunzl plc, the international distribution and outsourcing Group, today announcesthat it has acquired the business of Retail Resources LP from a privately ownedcompany controlled by Harry Katz and Mikel Eisenberg. Retail Resources provides non-food retail stores across the US with distributionservices including store supplies such as checkout and merchandise bags, jan/sanitems, labels, boxes and other paper products as well as specialised expensecontrol systems. Based in New York City, the business operates from facilitiesin Philadelphia, Chicago, Los Angeles and Atlanta. Revenues in the year ended 31December 2004 were $29.5 million and gross assets acquired are estimated to be$6 million. Commenting on the acquisition, Anthony Habgood, Chairman of Bunzl, said: "The acquisition of Retail Resources fits well with our strategy of continuingto grow our business in the US in certain specialist areas such as non-foodretail. It will broaden our platform for servicing this interesting and growingsector of our business." Enquiries: Bunzl plc FinsburyAnthony Habgood, Chairman Roland RuddBrian May, Finance Director designate Morgan BoneTel: 020 7495 4950 Tel: 020 7251 3801 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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