1st Feb 2006 11:32
Bunzl PLC01 February 2006 1 February 2006 BUNZL MAKES FURTHER ACQUISITIONS Bunzl plc, the international distribution and outsourcing Group, today announcesthat it has acquired The Midshires Group Limited from a privately owned company,Wychbury Holdings Limited. Midshires, which is based in Shrewsbury withlocations also in Wolverhampton, Loughborough and Northampton, is principallyengaged in the operation and sale of vending machines and associated servicesthroughout Central England. It had revenue of £11.6 million in the year ended 31December 2005 and gross assets acquired are estimated to be £8.6 million. Bunzl also announces the acquisition of Master Craft Packaging Corporation froma privately controlled family trust, the Roseth Family Trust. Based in Fresno,California, Master Craft serves the redistribution and foodservice sectors inCalifornia, Oregon and Washington. It had revenue of $10.6 million in the yearended 31 December 2005 and gross assets acquired are estimated to be $3.0million. Commenting on the acquisitions, Michael Roney, Chief Executive of Bunzl, said: "The acquisition of Midshires will significantly increase the overall size ofour UK vending business and strengthen our market position in central England.The Master Craft acquisition is a further step in our strategy to grow ourredistribution business in the US". Enquiries: Bunzl plc FinsburyMichael Roney, Chief Executive Roland RuddBrian May, Finance Director 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:
Bunzl