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Australian acquisitions will open up market for Bunzl
Bunzl, the UK-based distribution and outsourcing group, has this week announced that it has purchased three businesses which form part of the Industrial & Safety division of Jeminex in Australia.
Based in Sydney, the businesses acquired operate from locations throughout Australia and focus on three specialist markets. The workwear and personal safety business distributes an extensive range of specialist personal protection equipment, industrial clothing and workwear to the mining, resources, construction and general industrial sectors. The lifting, rigging and height safety business is principally engaged in the supply of lifting chains and ropes, slings and fittings and rigging accessories and transport and load restraints as well as the provision of accredited testing and repair services. The third business is involved in the supply of industrial packaging products to a variety of customers in different market sectors. Revenue of the businesses acquired in the year ended 31 December 2013 is expected to be approximately A$160 million.
Commenting on the acquisition, Michael Roney, Chief Executive of Bunzl, said:
"The acquisition of the Jeminex businesses significantly increases the size of our business in Australasia and extends our operations there into the safety market which is a successful sector for us in many countries. It also provides us with the opportunity to sell our extensive product range to Jeminex's existing customer base. We are delighted to welcome the employees of each of the businesses to Bunzl".
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2nd May 2013