Bunzl acquires two businesses

Distribution and outsourcing group Bunzl acquired two further businesses in the UK and the US.

Purchased at the end of December, Woodway is a leading supplier of both packaging products and solutions to various end user customers in a number of market sectors throughout the UK.

Based in Northampton, the business specialises in supporting the e-commerce activities of customers operating in the retail supplies sector.

Revenue in the year ended 30 June 2016 was £31 million.

In January, Bunzl acquired the business of Packaging Film Sales (PFS).

Based in Denver, Colorado, PFS is engaged in the sale of food packaging products, including flexible barrier films and specialty bags and pouches, to food processors.

Revenue in the year ended 31 December 2015 was $6 million.

Bunzl confirmed at the beginning of January it completed the acquisition of Sabe Compagniet, that was announced on 22 November 2016, following clearance of the transaction by the Danish competition authority.

At 11:38am: (LON:BNZL) Bunzl PLC share price was +0.5p at 2111.5p