1st Mar 2007 11:00
Bunzl PLC01 March 2007 1 March 2007 BUNZL MAKES FIRST ACQUISITION IN SPAIN Bunzl plc, the international distribution and outsourcing Group, today announcesthat it has acquired Iberlim-Catalanet SA from Juli Casulleras and Joan Gilbert. Based near Barcelona, Iberlim is principally engaged in the distribution ofcleaning and hygiene products to a variety of customers in Spain. Revenue in theyear ended 31 December 2006 was €8.8 million and the gross assets acquired areestimated to be €5.5 million. Commenting on the acquisition, Michael Roney, Chief Executive of Bunzl, said: "I am very pleased to welcome Iberlim to the Group. This acquisition representsour first step into the Spanish market and is in line with our strategy ofexpanding the business into new geographic areas. It will also provide anopportunity to develop further in this region" Enquiries: Bunzl plc FinsburyMichael Roney, Chief Executive Roland Rudd Brian May, Finance Director Mark HarrisTel: 020 7495 4950 Gordon Simpson Tel: 020 7251 3801 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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