Bunzl Acquires Switzerland's Weita Holding - Update

Bunzl Buys Weita Holding, Units From Christoph Huber - Quick Facts

Bunzl FY09 Pre-tax Profit Rises - Update


(RTTNews) - Distribution and outsourcing group Bunzl plc (BNZL.L: News ) Monday said that it has acquired Switzerland-based consumable products supplier Weita Holding AG and its subsidiaries from Christoph Huber, which expands its presence in Switzerland. The company did not reveal any financial terms of the deal.


Basel-based Weita Holding is a supplier of cleaning and hygiene, foodservice, retail, healthcare and safety consumable products to both end users and redistributors throughout Switzerland. Weita Holding posted revenue of CHF 70.9 million for the year ended 31 December 2009 and the gross assets acquired are estimated to be CHF 47 million.

Michael Roney, Chief Executive of Bunzl, said "This is an important acquisition and an exciting development which extends our operations into the cleaning and safety, foodservice and healthcare sectors in Switzerland and significantly increases the size of our existing retail supplies business there."

Bunzl is aiming at geographic expansion and extension of its product offering and customer base through acquisitions. In January, Bunzl had acquired cleaning and hygiene consumable products supplier Clean Care A/S from a privately owned company, controlled by Jan Knygle and Ole Bæk in order to widen its cleaning and hygiene supplies business in Denmark.

For the full year ended 31 December 2009, Bunzl had posted a pre-tax profit of GBP 216.0 million on revenues of GBP 4.65 billion.
BNZL.L is currently trading at 719.50 pence per share, up 2.00 pence or 0.28% on the London Stock Exchange.

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