Bunzl expands safety division with three acquisitions

9th Jan 2014 08:01

Bunzl, the FTSE 100 international distribution and outsourcing group, unveiled three new acquisitions which it made towards the end of last year. The company made the acquisitions in the safety sector across three different business areas and took its total acquisition spend for the year to around £290m. Bunzl bought California-based SAS Safety Corp., which specialises in the sourcing and sale of a variety of own label personal protection equipment to distributors. Revenue in 2013 is expected to total approximately $48m. Bunzl has also acquired pka Klöcker GmbH in Germany, which sells personal protection equipment to distributors. Revenue for 2013 is expected to be approximately €6m. Finally, the company also purchased De Santis Distribuição Industrial in Brazil, which mainly sells personal protection equipment to end user customers in a number of different market sectors. Revenue in 2013 is expected to be approximately R$18m.Michael Roney, Chief Executive of Bunzl, said: "The purchase of SAS Safety is an important development for Bunzl as it is a significant and strategic addition to our safety business in North America. "The acquisition of pka Klöcker also extends our existing safety operations in Germany following the acquisition of Majestic in 2011, while De Santis is the fifth business which we have acquired in the safety sector in Brazil since the acquisition of Prot Cap in 2008."NR