Bunzl to acquire U.S. based safety business and flexible packaging distributor in Ireland
Topics: BUNZL U.S. IRELAND
MCR Safety, which is based in Memphis, Tennessee, is engaged in the distribution of a variety of largely own brand personal protection equipment and other safety products to distributors operating in a number of end user markets.
In addition to the main US facility in Memphis and another in Arkansas, the business has operations in Mexico, Canada, the UK, the Netherlands, Colombia and Costa Rica.
The products supplied are principally gloves, eye protection and workwear.
In 2019, the aggregate revenue for the businesses to be acquired, which overall trade at well above the North America business area average operating margin, was US$248 million.
Approximately 80% of the revenue relates to sales in the US.
It is expected that the acquisition will be completed at the end of August 2020. ■