30th Jan 2007 11:16
Bunzl PLC30 January 2007 30 January 2007 BUNZL MAKES TWO FURTHER ACQUISITIONS IN NORTH AMERICA Bunzl plc, the international distribution and outsourcing Group, today announcesthat it has acquired the business of Tec Products Co Inc from a private companyowned by David Holtzman, Joel Shapiro, Aaron Wolkstein and Erwin Kirschner.Based in New Jersey, Tec Products is principally engaged in the supply of jan/sanand associated products through redistributors. Revenue in the year ended 31 December 2006 is estimated to have been US$14 million and the gross assetsacquired are estimated to be US$3.3 million. Bunzl has also purchased Westgate Sales Corporation from Thomas Sibilla andJoseph Brancato and Westgate Canada Ltd from Thomas Sibilla, Joseph Brancato andJames Anderson. Also based in New Jersey with facilities in Ontario and Alberta,Canada, Westgate supplies personal protection equipment through redistributorsin the eastern US and Canada. Revenue in the year ended 31 December 2006 isestimated to have been US$18 million and the gross assets acquired are estimatedto be US$3.6 million. Commenting on the acquisitions, Michael Roney, Chief Executive of Bunzl, said: "Tec Products expands our jan/san business in the northeast region of the USwhile Westgate adds further scale and geographical coverage to our personalprotection equipment business in North America following the acquisition ofUnited American Sales in August 2006. We welcome both businesses to the Group." Enquiries: Bunzl plc FinsburyMichael Roney, Chief Executive Mark HarrisBrian May, Finance Director Gordon SimpsonTel: 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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