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Bunzl announces acquisitions in the US and Italy
Bunzl has, this week, announced that it has acquired two further safety businesses in the US and Italy.
ML Kishigo, which is based in Santa Ana, California, is engaged in the sale of high visibility clothing and other safety related workwear to distributors throughout the US. Revenue in the year ending 31st December 2016 was US$34 million.
Neri and its associated companies, which are based near Bologna, supply a broad range of personal protection equipment, including gloves, footwear and workwear, to both distributors and end users throughout Italy. Revenue in the year ending 31st December 2016 was €47 million.
"The purchase of ML Kishigo and Neri will expand and develop our operations serving the safety sector in both North America and Continental Europe," notes Frank van Zanten, chief executive of Bunzl.
"ML Kishigo's ability to provide customised solutions for their customers will bring additional expertise and an extended product portfolio to our existing safety business in the US, while the acquisition of Neri takes us into this important market in Italy for the first time. We are pleased to welcome the businesses and their employees to the Group."
T: 0207 725 5000
6th April 2017