Bunzl expands into healthcare in Brazil

4th Mar 2013 07:23

FTSE 100-listed distribution and outsourcing group Bunzl has acquired Labor Import Comercial Importadora Exportadora in Brazil.Located near São Paulo, Labor Import is principally engaged in the supply and distribution of own label medical and healthcare consumable products to redistributors as well as to hospitals throughout Brazil. Revenue in the year ended December 31st 2012 was R$49.5m.Commenting on the acquisition, Michael Roney, Chief Executive Officer of Bunzl, said: "The purchase of Labor Import is another important step for Bunzl as it represents our first move into the healthcare sector in Brazil, having previously acquired businesses in the safety and cleaning and hygiene sectors. "It has a market leading position and an excellent customer base which should provide a platform for us to develop a strong presence in this sector going forward. We are pleased to welcome their employees to the group."MF