Distribution firm Bunzl has confirmed the acquisition of two new business in Spain and the Netherlands.

In June, Bunzl completed the acquisition of Sistemas De Embalaje Anper, a distributor of industrial packaging to end-users in Spain, which generated £24m of revenue in 2023.

The group has also completed the acquisition of Holland Packaging, a Netherlands-based distributor of bespoke and customised packaging products and supplies to e-commerce focused companies. This business generated £14m of revenue in 2023.

Bunzl CEO, Frank van Zanten, said: “Today’s announcement highlights the strength of Bunzl's continuing consolidation opportunity. The announced acquisitions are highly complementary to our existing businesses, expanding our product offering in Spain and the Netherlands, and have strong margins.”

Separately, Bunzl also confirmed that it has now completed the previously announced acquisition of RCL Implantes, a distributor specialising in surgical and medical devices in Brazil.

“I would like to offer a warm welcome to the teams from the newly acquired businesses to the Bunzl family,” van Zanten added. “Our pipeline remains active and the strength of our balance sheet supports our ability to continue to self-fund value-accretive acquisitions alongside other capital allocation options.”

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