11th Apr 2008 10:11
Bunzl PLC11 April 2008 11 April 2008 BUNZL EXPANDS IN AUSTRALIA Bunzl plc, the international distribution and outsourcing Group, today announcesthat it has acquired the business of Steven Salgo (Sales) Pty Limited from aprivate company owned by John and Christine Scott. Based in Sydney withoperations also in Melbourne and Brisbane, Salgo is principally engaged in thedistribution of catering equipment and supplies to the hotel, restaurant andcatering sectors throughout eastern Australia. Revenue in the year ended 30 June2007 was A$32.1 million and the gross assets acquired are estimated to be A$5million. Commenting on the acquisition, Michael Roney, Chief Executive of Bunzl, said: "The acquisition of Salgo significantly expands our catering equipment andsupplies business in Australia. They have an excellent reputation in themarketplace with a strong customer base and will provide the opportunity toextend their product range into our existing business. We welcome them to theBunzl Group." Enquiries: Bunzl plc Tulchan Michael Roney, Chief Executive David Allchurch Brian May, Finance Director Stephen Malthouse Tel: 020 7725 5000 Tel: 020 7353 4200 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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