Leal Equipamentos de Proteção to acquire Bunzl.

Bunzl, the specialist international distribution and services group, agreed to acquire Leal Equipamentos de Proteção, a specialized safety distributor in Brazil. Financial terms were not disclosed. "I am very pleased to welcome these two businesses to the Bunzl family, both of which expand our offering within the safety sector, have strong own brand portfolios, and are margin accretive to the Group. Leal meaningfully increases our exposure to the attractive industrial sector in Brazil, whilst Irudek broadens our specialism in Spain to include fall protection. Bunzl has now announced 200 acquisitions since 2004, driving approximately two thirds of our revenue growth over the last 10 years. This is a significant milestone to have reached and demonstrates our ability to successfully execute and integrate value accretive acquisitions as part of our compounding growth strategy. Our pipeline is active and our balance sheet remains strong, and we see significant opportunities for further acquisition growth to supplement our resilient organic growth." Frank van Zanten, Bunzl Chief Executive Officer.