# Bunzl acquires businesses in Germany & Canada

- Link: https://www.directorstalkinterviews.com/bunzl%c2%a0acquires-businesses-in-germany-canada/4121107860
- Published: 2023-02-27T07:16:39+00:00
- Author: Amilia Stone

**[Bunzl plc](https://www.directorstalkinterviews.com/ftse-company/bunzl-plc/bnzl.l)**(
LON:BNZL), the specialist international distribution and services Group, has announced
that it has entered into an agreement to acquire a business in Germany and completed
the acquisition of another in Canada.

In February 2023, Bunzl entered into an agreement to acquire Arbeitsschutz-Express,
a fast-growing online distributor of workwear and PPE in Germany, which generated
EUR 41 million (c.£35 million) of revenue in 2022. The acquisition further enhances
Bunzl’s presence in Germany, following our acquisition of hygi.de in July 2022, 
which provided Bunzl with a strong platform to expand from within this high potential
market.

In January 2023, Bunzl also completed the acquisition of Capital Paper, a distributor
of foodservice packaging and consumables, cleaning & hygiene supplies, and industrial
packaging products in Canada. The acquisition of Capital Paper strongly complements
our existing business in Canada and in 2022 generated revenue of CAD 26 million (
c.£16 million).

> **Commenting on the acquisitions, Frank van Zanten, Chief Executive Officer of
> Bunzl, said:**
> “I am pleased to be welcoming two new businesses into the Bunzl family today. 
> Arbeitsschutz-Express, combined with our acquisition of hygi.de in 2022, will 
> more than double our presence in the German market, with considerable further 
> opportunity remaining. Furthermore, Canada Paper is highly complementary to our
> Canadian business and expands our offering in the region. Our pipeline is active,
> and we see significant opportunities for continued acquisition growth in our existing
> markets where we have opportunity to increase our presence, as well as potential
> to expand into new markets.”

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