Bunzl acquires Brazilian healthcare supply firm

17th Mar 2014 07:02

Bunzl, the FTSE 100 distribution and outsourcing group, has acquired Brazilian healthcare supply and distribution firm Lamedid Comercial e Servicos. Based near São Paulo, Lamedid supplies healthcare consumable products to hospitals, clinics and laboratories as well as to distributors. Revenue in 2013 totalled around £12m. Michael Roney, the Chief Executive of Bunzl, said: "The purchase of Lamedid has significantly increased the size of our healthcare business in Brazil, having entered the healthcare sector there with the acquisition of Labor Import last year. "The two businesses complement each other and together will enable us to extend our product offering in this important market."NR