Bunzl expands footprint in Australia
Distribution and outsourcing firm Bunzl has bought three units from Australian industrial and safety company Jeminex in an attempt to expand its footprint in a key market.
Distribution and outsourcing firm Bunzl has bought three units from Australian industrial and safety company Jeminex in an attempt to expand its footprint in a key market.
The businesses, all based in Sydney, focus on three specialist markets and "significantly increases the size of our business in Australasia and extends our operations there into the safety market which is a successful sector for us in many countries", according to Chief Executive Officer Michael Roney.
Bunzl has purchased Jeminex's workwear and personal safety division, distributing personal protection equipment, industrial clothing and workwear to the mining, resources, construction and general industrial sectors.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Lifting, rigging and height safety operations will also be added to Bunzl's portfolio, as well as the supply of industrial packaging products.
Roney said: "[The acquisition] also provides us with the opportunity to sell our extensive product range to Jeminex's existing customer base. We are delighted to welcome the employees of each of the businesses to Bunzl".
Revenues of these three businesses are expected to total A$160m (around £107m) in 2013.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
How taking a two-year career break could leave a £26k hole in your pension
Career breaks are increasingly common but it is important to take steps to protect your pension, as gaps compound over time
-
Cash in on your attic: Thousands could be sitting dormant in your storage
Selling your valuables at auction could be far more lucrative than you think. We take a look at how auctions work, and some tips to help you maximise your profits