Announced
Completed
Financials
Sources
Tags
Australia
Cross Border
Single Bidder
cleaning products
Specialty Retailers
Acquisition
Private
Majority
Completed
Friendly
Synopsis
Bunzl, a multinational distribution and outsourcing company, completed the acquisition of Melbourne Cleaning Supplies, a distributor of cleaning & hygiene supplies in Australia. Financial terms were not disclosed. “I’m pleased with the performance Bunzl has delivered this year, reflecting the dedicated efforts of our people in supporting our customers around the world. The Group is on track to deliver moderate adjusted operating profit growth, supported by a record operating margin, and we are guiding to further growth in 2024, continuing to build on the strong performance we have seen over recent years. Furthermore, we welcome three new complementary businesses to the Group today, taking the total acquisitions announced this year to 17," Frank van Zanten, Bunzl Chief Executive Officer.
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