Bunzl makes two acquisitions in Brazil and Denmark
Topics: BUNZL ACQUISITIONS BRAZIL DENMARK
Medcorp, a distributor of healthcare related products based in Sao Paulo, was acquired at the end of January.
It is principally engaged in the supply of a broad range of consumable medical products, particularly those used for dialysis and vascular access.
Customers include leading private hospitals and clinics in Sao Paulo and redistributors elsewhere in Brazil.
Revenue in the year ended 31 December 2019 was R$57m (c.£11 million).
The Company also announces that it has recently entered into an agreement to purchase ICM, a distributor of personal protection equipment to both end users, including a number operating in the wind energy sector, and redistributors in Denmark.
Revenue in the year ended 31 December 2019 was DKK410 million (c.£48 million).
Completion of the acquisition, which is subject to clearance of the transaction by the Danish competition authority, is expected to take place at the end of March. ■