International distribution company, Bunzl, has made three new acquisitions and signed an agreement to acquire a further business across a range of sectors.

The group, which lists on the London Stock Exchange and is a constituent of the FTSE 100 Index, confirmed new acquisitions in Spain, Brazil, the Netherlands and Canada.

Bunzl is headquartered in London and is the largest value-added distributor in the world in its market sectors, with operations across the UK and Ireland as well as in Europe, the Americas and Asia Pacific. The group employs 21,000 people and generated revenue of £12bn in 2022.

Since 2004, it has also returned £1.8bn to shareholders through dividends and committed £4.4bn in acquisitions to support an adjusted earnings per share compound annual growth rate of 10% over the period.

As part of its latest acquisition activity, in June Bunzl picked up La Cartuja Complementos Hostelería, a distributor of food service and hospitality equipment in Spain. This business, which expands its product offering in these sectors, generated revenue of £4m in 2022.

Bunzl also signed an agreement to acquire Grupo Lanlimp in July, a distributor of cleaning and hygiene products in Brazil. This business generated revenue of £33m last year and strengthens Bunzl’s position in what it described a “fragmented market”.

In August, Bunzl has acquired Groveko, a distributor of cleaning and hygiene products based in the Netherlands, which generated £20m of revenue in 2022. Also this month, Bunzl has acquired PackPro, a provider of packaging solutions to a diverse customer base, including food processor and industrial customers in Canada. This business generated revenue of £20m last year.

“I am delighted to welcome these new acquisitions to the Bunzl family,” said Bunzl CEO, Frank van Zanten. “It is very exciting to see the broad range of sectors and end markets represented.

“This truly demonstrates the great breadth of opportunities that we have around the world for continued acquisition growth through consolidation of our fragmented markets and geographic expansion. Our pipeline remains active and the strength of our balance sheet supports our ability to continue investing in the significant opportunities that we see.”

Furthermore, the company also confirmed it has now completed its acquisition of Leal Equipamentos de Proteção, a specialised safety distributor in Brazil which generated revenue of £34m last year.

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