4th Jul 2005 07:30
Bunzl PLC04 July 2005 4 July 2005 BUNZL EXPANDS IN CENTRAL EUROPE Bunzl plc, the international distribution and outsourcing Group, today announcesthat it has acquired Tecep France SAS and its subsidiaries. Tecep is a Frenchholding company with operations in Hungary, Czech Republic, Slovakia, Romaniaand Poland, primarily serving the retail, foodservice, catering and foodprocessing markets with packaging supplies and catering and food processingequipment. Tecep had sales in 2004 of €40.7 million. Net assets at completion are estimatedto be €9.8 million. Commenting on the acquisition, Anthony Habgood, Chairman of Bunzl, said: "This is a significant expansion of our presence in the exciting and growingCentral European market. I am delighted to welcome the management team and allthe staff of Tecep to Bunzl." Enquiries: Bunzl plc FinsburyAnthony Habgood Roland RuddDavid Williams 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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