5th Sep 2007 11:21
Bunzl PLC05 September 2007 5 September 2007 BUNZL TO EXPAND IN IRELAND Bunzl plc, the international distribution and outsourcing Group, today announcesthat it has entered into an agreement to acquire DG Distributors and VendorsLimited and its subsidiaries from Brendan Cooney, Dermot Divilly and GregLawless. The business, which is based in Dublin and trades under the name of IrishMerchants, is principally engaged in the distribution of foodservicedisposables, janitorial supplies and beverage systems to the horeca, healthcareand retail sectors throughout Ireland. Revenue in the year ended March 2007 was €45 million and the gross assets to beacquired are estimated to be €11 million. Completion of the acquisition issubject to clearance from the Irish Competition Authority. Commenting on the acquisition, Michael Roney, Chief Executive of Bunzl, said: "The acquisition of Irish Merchants, formerly an associated company of KingBenelux which we have recently acquired, is a good strategic fit for Bunzl whichwill significantly increase the size of our business in Ireland and strengthenour position in this market. We look forward to welcoming the management and allof the staff to the Group." Enquiries: Bunzl plc Tulchan Michael Roney, Chief Executive David Allchurch Brian May, Finance Director Stephen Malthouse Tel: 020 7495 4950 Tel: 020 7353 4200 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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