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Market: LSE
Sector: Support Services
EPIC: BNZL
Latest Price: 864.25p  (-0.55% Descending)
52-week High: 910.50p
52-week Low: 651.00p
Market Cap: 2,857.85M
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Bunzl is a FTSE 100 specialist distribution group with operations in 23 countries across 4 continents.

Bunzl supplies a wide range of consumable products such as food packaging, disposable tableware and catering equipment, cleaning and hygiene supplies, guest amenities, personal protection equipment, packaging and healthcare consumables to various customer markets including grocery, foodservice, cleaning and safety, non-food retail and healthcare.

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Bunzl acquires Weita in Switzerland

15th Mar 2010, 8:22 am Bunzl acquires Weita in Switzerland

Distribution and outsourcing group Bunzl PLC (LSE: BNZL) saidf that it has acquired Weita Holding AG and its subsidiaries from Christoph Huber. Financial details were not disclosed.

Weita, which is based near Basel and operates from three locations, is a supplier of cleaning and hygiene, foodservice, retail, healthcare and safety consumable products to both end users and redistributors throughout Switzerland.  Revenue in the year ended 31 December 2009 was Swiss francs 70.9 million and the gross assets acquired are estimated to be Swiss francs 47 million.

 CEO Michael Roney said: "This is an important acquisition ... which extends our operations into the cleaning and safety, foodservice and healthcare sectors in Switzerland and significantly increases the size of our existing retail supplies business there.  Weita has a strong position in its markets, has a reputation for excellent customer service and will provide a base to develop further our business in Switzerland."

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