Bunzl : agrees to acquire healthcare business in New Zealand
May 18, 2021 at 07:09 am
Share
Bunzl plc, the specialist international distribution and services Group, today announces that it has recently entered into an agreement to acquire Obex Medical Holdings, a medical distribution business serving hospitals and other healthcare providers in New Zealand, with revenue in 2020 of c.NZD 51 million (c.£ 27 million). Obex Medical Holdings supplies a broad range of healthcare equipment and devices, and it is headquartered in Auckland. Completion of the acquisition is expected to take place at the beginning of June.
Commenting on the acquisition, Frank van Zanten, Chief Executive Officer of Bunzl, said:
'I am pleased to be able to announce our fourth acquisition of 2021. Obex Medical Holdings is a strong business with an experienced management team that will complement and enhance Bunzl's healthcare capabilities in Australasia. The Group's acquisition pipeline remains active and a number of discussions are ongoing.'
Enquiries:
Bunzl plc
Tulchan
Frank van Zanten, Chief Executive Officer
David Allchurch
Richard Howes, Chief Financial Officer
Martin Robinson
Tel: +44 (0)20 7725 5000
Tel: +44 (0)20 7353 4200
Download the Bunzl agrees to acquire healthcare business in New Zealand (PDF 106KB)
Attachments
Original document
Permalink
Disclaimer
Bunzl plc published this content on 18 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 May 2021 06:08:01 UTC.
Bunzl plc specializes in the distribution of hygiene and safety packages, products, and materials. The group also offers packaging products, restaurant items (cutlery, glassware, kitchen utensils, etc.), cleaning products (soaps, detergents, toilet paper, custodial products, polishes, washing machines, etc.), and personal protection equipment (gloves, masks, clothing, etc.).
Net sales break down by sector into food services (29.8%), grocery stores (26.1%), safety (14.8%), retail (9.6%), hygiene and cleaning (9.3%), healthcare (7%), and other (3.4%).
Net sales are distributed geographically as follows: the United Kingdom and Ireland (12%), Continental Europe (18%), North America (61.2%) and other (8.8%).