(Sharecast News) - Distribution and services firm Bunzl acquired New Jersey-based PPE distributor Tingley Rubber on Wednesday for an undisclosed sum.
Bunzl highlighted that the US firm, which focusses on protective footwear and apparel, generated $68.0m in revenues during 2021.
Chief executive Frank van Zanten said: "I am pleased to announce the acquisition of Tingley which will further enhance our North American safety offering with its innovative brand portfolio and represents our 14th acquisition completed in 2021.
"The group's committed spend over 2020 and 2021 combined was approximately £950.0m, making the last two years one of the most successful periods in our history for acquisitions. Our pipeline remains active, supported by the strength of our balance sheet."
Bunzl (BNZL)Today 09:28
LONDON BROKER RATINGS: Redburn lifts Paragon Banking to 'buy'
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: