Bunzl Completes Buy Of US-Based PPE Distributor MCR Safety

(Alliance News) - Bunzl PLC on Thursday said it has completed the acquisition of MCR Safety, a US-based distributor of personal protection equipment and other safety products.

MCR Safety - based in Memphis, Tennessee - supplies personal protective equipment and has operations in Arkansas, Mexico, Canada, the UK, the Netherlands, Colombia and Costa Rica. In 2019, the businesses posted revenue of USD248 million.

The acquisition was first announced by the FTSE 100-listed distribution and services firm in August, and at the same time the company also revealed plans to purchase Dublin-based flexible package distributor Abco Kovex.

Chief Executive Frank van Zanten at that time said: "The acquisition of MCR Safety is an important development for Bunzl. It is a high-quality business with a strong leadership team and well established portfolio of own brand products which will complement our existing product range and significantly strengthen and expand our safety operations both in the US and elsewhere."

No financial details of the MCR acquisition were disclosed.

Shares in Bunzl were flat at 2,433.00 pence each on Thursday morning in London.

By Ife Taiwo; ifetaiwo@alliancenews.com

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