Bunzl

Ticker BNZL

Today's data summary

Market closed
% change
-0.26%
Price Pence
2301.00
Change
-6.00
As of 11:02 08 Dec 2018
Market cap. Pound sterling
7,740.81 million
As of 11:02 08 Dec 2018

Latest updates

Bunzl takes over Brazilian glove supplier

Bunzl lorry
Bunzl

Distribution group Bunzl is buying Volk do Brasil, a glove supplier.

The business is forecast to achieve revenue in 2018 of R$200 million ( around £41m). Completion of the acquisition is subject to clearance of the transaction by the Brazilian competition authority.

Frank van Zanten, chief executive of Bunzl, said the acquisition "will expand our already well established safety business in Brazil".

It also reported that group revenue climbed 7% in the third quarter, based on growth of around 4% and an impact from acquisitions of around 3%.

Bunzl buys Oslo catering equipment supplier

Catering company
Bunzl

That Bunzl acquisition mentioned earlier is the distribution group's first move into Norway.

It's snapped up Oslo catering equipment supplier Enor, whose customers include hotels, restaurants, hospitals, municipalities, contract caterers and fast food chains.

Revenue for the company last year was NOK294 million ( around £27m).

Bunzl, which didn't disclose the cost of the purchase, now has operations in 31 countries.

Bunzl boosts profits by 4%

Bunzl lorry
Bunzl

Distribution group Bunzl has reported a 4% climb in pre-tax profits to £257.9m for the half-year to the end of June.

Boss Frank van Zanten said: The prospects for the group are positive and the company will continue to develop the business and build shareholder value through a combination of organic growth and further acquisitions."

It made four acquisitions in the period, including one announced today, spending £132m.

The interim dividend has been increased by 9% to 15.2p