Bunzl expands into healthcare in Brazil

FTSE 100-listed distribution and outsourcing group Bunzl has acquired Labor Import Comercial Importadora Exportadora in Brazil.

FTSE 100-listed distribution and outsourcing group Bunzl has acquired Labor Import Comercial Importadora Exportadora in Brazil.

Located near So Paulo, Labor Import is principally engaged in the supply and distribution of own label medical and healthcare consumable products to redistributors as well as to hospitals throughout Brazil. Revenue in the year ended December 31st 2012 was R$49.5m.

Commenting on the acquisition, Michael Roney, Chief Executive Officer of Bunzl, said: "The purchase of Labor Import is another important step for Bunzl as it represents our first move into the healthcare sector in Brazil, having previously acquired businesses in the safety and cleaning and hygiene sectors.

"It has a market leading position and an excellent customer base which should provide a platform for us to develop a strong presence in this sector going forward. We are pleased to welcome their employees to the group."

MF

Recommended

Why it pays to face up to your investment mistakes
Investment strategy

Why it pays to face up to your investment mistakes

Buying stocks can be a complicated business. But selling stocks can be tricky, too – even if you sell for the right reasons. Max King explains how to …
17 Sep 2021
Share tips of the week – 17 September
Share tips

Share tips of the week – 17 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
17 Sep 2021
Royal Mail will deliver for investors – here's how to play it
Trading

Royal Mail will deliver for investors – here's how to play it

Royal Mail Group has found its feet in the past 18 months and looks cheap. Matthew Partridge looks at how to trade the shares.
14 Sep 2021
The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021

Most Popular

The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021
Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
Should investors be worried about stagflation?
US Economy

Should investors be worried about stagflation?

The latest US employment data has raised the ugly spectre of “stagflation” – weak growth and high inflation. John Stepek looks at what’s going on and …
6 Sep 2021