Bunzl Acquires Two Further Firms Amid Completion Of French Group Deal

LONDON (Alliance News) - Bunzl PLC said on Thursday it had acquired Interpath and Talge amid ...

Alliance News 23 November, 2017 | 7:59AM
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LONDON (Alliance News) - Bunzl PLC said on Thursday it had acquired Interpath and Talge amid completion of the acquisition of a group of three French companies.

The distribution and outsourcing company completed its acquisition of the group of companies including cleaning and hygiene product retailer Hedis and light catering equipment and tableware distributors Comptoir de Bretagne and Generale Collectivites after the competition authorities in France cleared the July deal.

The FTSE 100-listed firm said it had also acquired the Melbourne, Australia-based laboratory and healthcare consumables distributor Interpath for an undisclosed sum. Bunzl said Interpath generated revenues in the year ended June of AUD22 million, around GBP13 million.

Bunzl also entered into an agreement to buy Santa Catarina, Brazil-based foodservice distributor Talge. Talge generated BRL83 million, around GBP20 million, in revenues in 2016. Financial details were not disclosed and competition of the deal is subject to clearance from competition regulators in Brazil.

"I am delighted that we have now completed the purchase of Hedis, Comptoir de Bretagne and Generale Collectivites", Bunzl Chief Executive Officer Frank van Zarten said. "Together these businesses further expand our existing cleaning & hygiene operations in France and extend our business there into the catering equipment sector for the first time."

"The acquisition of Interpath has enhanced our healthcare business in Australia and extended our product offering into the pathology, medical research and life science markets there, while the proposed purchase of Talge will expand our operations into the foodservice sector in Brazil", van Zarten added.

By Ahren Lester; ahrenlester@alliancenews.com.

Copyright 2017 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
Bunzl PLC 2,133.00 GBX -0.79
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