Bunzl plc has entered into an agreement to acquire a cleaning and hygiene business in Germany and has completed the acquisition of a healthcare consumables business in New Zealand.
The acquisition of USL, a New Zealand distributor of medical consumables to the healthcare sector, including hospitals, aged care, and community health services, was completed earlier this month.
The acquisition further complements Bunzl’s growing presence in New Zealand and the healthcare sector across the region.
Hygi.de (“Hygi”) is a leading and fast growing online distributor of cleaning and hygiene products in Germany to a fragmented customer base.
The business services the B2B market and drives strong customer retention through specialist customer service and its reputation in the market.
Commenting on the acquisitions, Frank van Zanten, CEO of Bunzl, said: “I am truly excited about the acquisition of the successful online distributor Hygi, as this marks a significant step in the development of our business in Germany, a market which has the potential to be more sizeable for Bunzl. Furthermore, acquiring USL increases Bunzl’s position in the growing and attractive healthcare consumables market in New Zealand. These acquisitions highlight Bunzl’s continued consolidation opportunity, which is supported by the strength of our balance sheet and an active pipeline.”
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