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Announced

Mediq to acquire the UK healthcare division of Bunzl.

Synopsis

Mediq, a supplier of pharmaceuticals and medical gear, agreed to acquire the UK healthcare division of Bunzl, a global distributor of nonfood consumables, including disposable cutlery, cleaning products, and personal protective equipment. Financial terms were not disclosed. "Today's announcement reflects Bunzl's commitment to optimal capital allocation across the Group. The announced acquisitions are highly complementary, expand our product offering in each country, and all achieve double digit margins, with their profits offsetting the expected profit contribution from the announced disposal. I would like to offer a warm welcome to all the teams from the newly acquired businesses to the Bunzl family," Frank van Zanten, Bunzl CEO.

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