IN BRIEF: Bunzl completes acquisition of catering distributor Nisbets

Bunzl PLC - London-based distribution and services provider - Completes purchase of Nisbets Ltd, a Bristol, England-based distributor of catering equipment and consumables, following clearance by the Irish Competition & Consumer Protection Commission. Back in February, Bunzl announced the acquisition of an 80% stake in Nisbets for GBP339 million. Bunzl has options to buy the remaining 20%. Nisbets generated profit before interest, tax and amortisation of GBP40.2 million on revenue of GBP498 million in 2023. Bunzl Chief Executive Officer Frank van Zanten says Nisbets' "digital expertise and market-leading range of own brand products, will further strengthen our position in the catering equipment sector".

Current stock price: 3,012.00 pence

12-month change: down 4.6%

By Tom Waite, Alliance News editor

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