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Home » Distribution Industry News » Bunzl Sales Down 2% in 2023; Acquisitions Announced

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  • Published on: February 26, 2024

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Distribution Industry News

Bunzl Sales Down 2% in 2023; Acquisitions Announced

Bunzl plc reported sales for 2023 were £11.8 billion, down 2% from the prior year.

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The redistributor made 19 acquisitions in 2023.

Bunzl also announced two new acquisitions.

It has signed an agreement to acquire an 80% stake in Nisbets in the UK for £339 million. Nisbets is an omnichannel distributor of catering equipment and consumables in the UK and Ireland, Northern Europe and Australasia. It has revenue of £498 million in 2023.

Bunzl has also signed an agreement to acquire its first business in Finland: Pamark. Pamark will increase the number of countries in which Bunzl operates to 33. It is a distributor of cleaning and hygiene, healthcare, foodservice and safety products, and had revenue of EUR 56 million in 2023.

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