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New Deal


Announced

Bunzl to acquire Joshen Paper & Packaging.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Pending

United States

office supply

janitorial supplies

Friendly

janitorial services

Private

Single Bidder

Janitorial

Majority

Synopsis

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Bunzl, a British multinational distribution and outsourcing company headquartered in London, agreed to acquire Joshen Paper & Packaging, a Cleveland, OH-based distributor of janitorial, sanitation, packaging and office supply products. Financial terms were not disclosed. "The purchase of Joshen has increased our presence in the grocery sector and further enhanced our operations in the US. We are pleased to welcome their employees to Bunzl," Frank van Zanten, Bunzl Chief Executive Officer.

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