3rd Aug 2005 09:09
Bunzl PLC03 August 2005 3 August 2005 BUNZL TO EXPAND IN NORTH AMERICA Bunzl plc, the international distribution and outsourcing Group, today announcesthat it has entered into an agreement to acquire SOFCO, a distributor to anumber of sectors including grocery, foodservice and healthcare. SOFCO, a division of US Foodservice, is based in New York State and had sales of$175 million in the year ended 31 December 2004. Gross assets to be acquired areexpected to be $30 million. Completion of the acquisition is subject toclearance from the relevant competition authority. Commenting on the acquisition, Anthony Habgood, Chairman of Bunzl, said: "This is an excellent opportunity to continue our momentum in North America.SOFCO will strengthen our business in the northeast in our traditional groceryand redistribution markets while also expanding our position in the healthcareand industrial sectors." Enquiries: Bunzl plc FinsburyAnthony Habgood, Chairman Roland RuddDavid Williams, 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:
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