|
Bunzl PLC - London-based distribution and services provider - Completes purchase of Nisbets Ltd, a Bristol, England-based distributor of catering equipment and consumables, following clearance by the Irish Competition & Consumer Protection Commission. Back in February, Bunzl announced the acquisition of an 80% stake in Nisbets for £339 million. Bunzl has options to buy the remaining 20%. Nisbets generated profit before interest, tax and amortisation of £40.2 million on revenue of £498 million in 2023. Bunzl Chief Executive Officer Frank van Zanten says Nisbets’ ‘digital expertise and market-leading range of own brand products, will further strengthen our position in the catering equipment sector’. Current stock price: 3,012.00 pence 12-month change: down 4.6% Copyright 2024 Alliance News Ltd. All Rights Reserved.
|
