Bunzl Completes Further Acquisitions in Brazil and the Netherlands
Bunzl plc, the international distribution and outsourcing Group, today announces two further acquisitions together with the completion of the acquisition of Majestic Products.
The Company has acquired Ideal Global Sistemas de Higiene Ltda from Ryssard and Rodrigo Zimnowlocki. Based in São Paulo with three warehouses throughout Brazil, Ideal is a leading supplier of cleaning and hygiene consumable products to facilities management companies, contract cleaners and other customers in the industrial, healthcare and education sectors. Revenue in the year ended 31 December 2010 was R$41.9 million and the gross assets acquired are estimated to be R$11 million.
At the beginning of September the Company acquired D-Care BV from a private company owned by Ron van Gulijk and Patrick Hollenberg. Based near Utrecht, the business is principally engaged in the distribution of medical disposable products to hospitals and other healthcare customers throughout the Netherlands. Revenue in the year ended 31 December 2010 was €4.7m and the gross assets acquired are estimated to be €2 million.
Finally, further to the announcement made on 30 August 2011, the Company has completed the acquisition of Majestic Products BV and its associated companies following clearance of the transaction by the competition authority in the Netherlands.
Commenting on these acquisitions, Michael Roney, Chief Executive of Bunzl, said:
"The acquisition of Ideal is our third acquisition in the Brazilian market, which we entered in 2008 through the acquisition of Prot Cap, and is an important step for Bunzl as it expands our business there into the cleaning and hygiene sector for the first time. It has a market leading position and an excellent customer base which will provide a platform for us to develop a strong presence in this sector in Brazil.
I am also delighted that we have been able to strengthen our healthcare business in the Netherlands through the purchase of D-Care and that we have now completed the acquisition of Majestic Products which was announced at the end of August.
We welcome all of these companies and their employees to Bunzl."