18 May 2021 07:00
18 May 2021
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BUNZL AGREES TO ACQUIRE HEALTHCARE BUSINESS IN NEW ZEALAND
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Bunzl plc, the specialist international distribution and services Group, today announces that it has recently entered into an agreement to acquire Obex Medical Holdings, a medical distribution business serving hospitals and other healthcare providers in New Zealand, with revenue in 2020 of c.NZD 51 million (c.£ 27 million). Obex Medical Holdings supplies a broad range of healthcare equipment and devices, and it is headquartered in Auckland. Completion of the acquisition is expected to take place at the beginning of June.
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Commenting on the acquisition, Frank van Zanten, Chief Executive Officer of Bunzl, said:
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"I am pleased to be able to announce our fourth acquisition of 2021. Obex Medical Holdings is a strong business with an experienced management team that will complement and enhance Bunzl's healthcare capabilities in Australasia. The Group's acquisition pipeline remains active and a number of discussions are ongoing."
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Enquiries:
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Bunzl plc Frank van Zanten, Chief Executive Officer Richard Howes, Chief Financial Officer Tel: +44 (0)20 7725 5000 | Tulchan David Allchurch Martin Robinson Tel: +44 (0)20 7353 4200 Â |
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