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.
