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Pin to quick picksBunzl Regulatory News (BNZL)

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Market Cap: £8.50b
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Acquisition

27 Feb 2017 07:00

RNS Number : 8421X
Bunzl PLC
27 February 2017
 

27 February 2017

 

BUNZL EXPANDS INTO SINGAPORE

 

Bunzl plc, the international distribution and outsourcing Group, today announces that it has acquired LSH, a company based in Singapore.

 

LSH is engaged in the distribution of a variety of personal protection equipment, primarily to end users operating in the oil & gas, construction, pharmaceutical and industrial sectors. Revenue in 2016 was S$9 million (c.£5 million).

 

Commenting on the acquisition, Frank van Zanten, Chief Executive of Bunzl, said:

 

"The purchase of LSH represents our first step into Singapore following which we now have operations across 30 countries globally. The business has a leading position in the local safety market with a broad product offering and well established customers and should provide a good base from which to develop our operations in South East Asia. We are pleased to welcome their employees to the Group".

 

 

 

Enquiries:

 

Bunzl plc

Frank van Zanten, Chief Executive

Brian May, Finance Director

Tel: +44 (0)20 7725 5000

Tulchan

David Allchurch

Stephen Malthouse

Tel: +44 (0)20 7353 4200

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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