Bunzl keeps buying

21st Mar 2011 07:09

Distribution group Bunzl has announced two acquisitions on opposite sides of the world.The company is to acquire Cannon Consumables from OCS Group UK. The acquired company is mainly engaged in the supply of cleaning and hygiene consumable products to OCS as well as to a number of other customers throughout the UK. Revenue for the year ending 31 March 2011 is forecast to be £16m and the gross assets to be acquired are estimated to be £2m. Meanwhile, on the other side of the world, Bunzl has added Omega Hospitality Suppliers to its overseas operations.Omega, based in New South Wales, Australia, is principally engaged in the supply of catering equipment and disposables to contract caterers, hotels and other food service customers. Revenue in the year ended 30 June 2010 was A$5.4m and the gross assets acquired are estimated to be A$1.2m."Omega is ... a successful business that will allow us to penetrate further into the catering equipment and disposables market in New South Wales and Queensland," said Michael Roney, chief executive of Bunzl.